Seven Straight Profitable Years, Bank-Verified — Minutes from Siesta Key & Anna Maria

Three-year average owner earnings of $188,986 on $864,288 average revenue. Priced at 1.98x average SDE. Seven consecutive profitable years under current ownership, including through COVID.

Two paths to close, and the buyer picks.

SBA — pre-approved through Huntington Bank: about $37,500 down and roughly $53,500 in annual debt service. Against the three-year average SDE of $188,986 that leaves about $135,000 of owner cash flow with debt covered 3.5x. Underwritten conservatively on the 2025 result alone — $152,892, the first full year of semi-absentee operation — it still leaves about $99,000, with debt covered 2.9x. Both numbers are in the CIM; the buyer can run either.

Seller financing: the seller will carry 50% for a qualified buyer — $187,500 down, the balance over 36 months at 8%, secured by the business assets and a personal guarantee. About $5,876/month, leaving roughly $118,500 of owner cash flow, note covered 2.7x and retired in three years. Open to buyers outside SBA, including E-2 and L-1 visa applicants.

All cash: roughly a 50% unleveraged return, two-year payback.

The earnings are documented and checkable. Since the current owner took over in mid 2019 the business has produced positive owner earnings every year — $1,012,786 cumulatively, 2.7x the asking price. Twelve months of 2025 bank statements match reported P&L revenue within 0.1%: $783,516 in deposits against $782,781 reported, a $735 variance. Revenue ties to the federal tax returns.

It runs without a full-time owner. Written SOPs, recipes, checklists, an employee handbook and a trained team of 10 keep it running day to day. The owner relocated, and the restaurant has operated semi-absentee since — no daily owner presence, no active local marketing — and still produced $152,892 in owner earnings in 2025. With the owner on site in 2023, the same location and team did $952,684 in revenue. The price is set on today's absentee numbers, not on 2023's; that gap is upside the buyer keeps. 2026 is tracking ahead — H1 operating deposits up 2.9% year over year, Q1 up 5.0%.

A brand, not just equipment. 4.6/5.0 on Google across 1,600+ reviews and 4.7/5.0 on TripAdvisor, built on 24-hour slow-proofed artisan dough and a multi-ethnic menu of Italian and Greek family recipes. The POS/CRM database holds 25,000+ guest records that transfer with the business; 948 guests have ordered 20+ times, and the largest single account is 0.2% of revenue — no concentration risk. In-house delivery drivers plus proprietary iOS and Android ordering apps that cut third-party commission on repeat orders.

Location and risk profile. 15 minutes from Anna Maria Island, 30 from Siesta Key. A $90M FDOT rebuild is under way on the corridor the restaurant fronts and 820+ apartments are under construction within five miles. Rent has run 5.4%-6.9% of revenue, well under the 8-10% risk threshold, and every month of the year is cash-positive. Florida has no state income tax.

Transition and lease. Four weeks of hands-on seller training, recipes and SOPs, vendor introductions, marketing handover. The lease is in its final option period, so the buyer sets occupancy on fresh terms — a new long-term lease with a cooperative landlord, or the option to pursue the parcel and own the real estate.

To receive the full package — financials, tax returns, the bank-deposit analysis, the CIM and the exact location — send (1) a signed NDA, (2) proof of financial capability, (3) a short background summary. Qualified buyers receive it within 24 hours.

The seller is a licensed Florida real estate broker and is the listing broker for this business.