St Petersburg Icon Restaurant Easy Operations Absentee Owner Potential
Business Description
Established American restaurant and cafe operating since 1950 in Saint Petersburg, FL, presenting exceptional stability and growth potential. This profitable breakfast and lunch operation generates $200,000 in seller's discretionary earnings from just 6 days per week, demonstrating remarkable operational efficiency.
Financial Performance:
- Annual Revenue: $351,843
- Seller's Discretionary Earnings: $200,000
- Strong profit margins with limited operating schedule
- Inventory value: $20,000
Business Overview:
This 74-year-old restaurant has cultivated a loyal customer base through decades of consistent service. Operating in a 5,500 square foot leased space at $3,600 monthly, the business maintains reasonable overhead while delivering strong returns. The current breakfast and lunch format provides manageable hours while generating substantial cash flow.
Operational Advantages:
- Minimal staffing requirements with only 3 employees
- Easy-to-operate business model
- Existing staff willing to remain with new ownership
- Established systems and proven processes
- FF&E valued at $75,000
Expansion Opportunities:
Significant untapped potential through multiple revenue streams:
- Dinner service expansion
- Wine and beer service implementation
- Takeout and delivery services (Uber Eats, Door Dash)
- Enhanced evening offerings
Owner Support:
The seller offers comprehensive transition assistance with friendly, supportive guidance including two weeks of operational training covering suppliers, inventory management, and day-to-day operations to ensure smooth ownership transfer.
Market Position:
Benefits from steady market with regular breakfast and lunch customers who dine weekly for business and pleasure, providing reliable revenue foundation.
Location Benefits:
Prime Saint Petersburg location in Pinellas County benefits from strong local patronage, supporting consistent revenue generation in Florida's dynamic dining market.
This turnkey opportunity combines the security of a seven-decade operating history with clear pathways for revenue enhancement. The established customer base, proven profitability, and expansion potential make this an ideal acquisition for restaurant operators seeking a stable, profitable business with significant growth opportunities. Owner retiring after successful long-term operation.
Financial Performance:
- Annual Revenue: $351,843
- Seller's Discretionary Earnings: $200,000
- Strong profit margins with limited operating schedule
- Inventory value: $20,000
Business Overview:
This 74-year-old restaurant has cultivated a loyal customer base through decades of consistent service. Operating in a 5,500 square foot leased space at $3,600 monthly, the business maintains reasonable overhead while delivering strong returns. The current breakfast and lunch format provides manageable hours while generating substantial cash flow.
Operational Advantages:
- Minimal staffing requirements with only 3 employees
- Easy-to-operate business model
- Existing staff willing to remain with new ownership
- Established systems and proven processes
- FF&E valued at $75,000
Expansion Opportunities:
Significant untapped potential through multiple revenue streams:
- Dinner service expansion
- Wine and beer service implementation
- Takeout and delivery services (Uber Eats, Door Dash)
- Enhanced evening offerings
Owner Support:
The seller offers comprehensive transition assistance with friendly, supportive guidance including two weeks of operational training covering suppliers, inventory management, and day-to-day operations to ensure smooth ownership transfer.
Market Position:
Benefits from steady market with regular breakfast and lunch customers who dine weekly for business and pleasure, providing reliable revenue foundation.
Location Benefits:
Prime Saint Petersburg location in Pinellas County benefits from strong local patronage, supporting consistent revenue generation in Florida's dynamic dining market.
This turnkey opportunity combines the security of a seven-decade operating history with clear pathways for revenue enhancement. The established customer base, proven profitability, and expansion potential make this an ideal acquisition for restaurant operators seeking a stable, profitable business with significant growth opportunities. Owner retiring after successful long-term operation.
About the Business
- Years in Operation
- 75
- Employees
- 3
- Facilities & Assets
- Office building has shared facilities. Along with new appliances including refrigerators there are the easy to maintain sandwich makers, grills, hvac hood, ice machines, refrigerators, toasters, 3 freezers, bottles of teas, canned sodas refrigerator. The parking is ample and never an issue. The lease term is negotiable.
- Market Outlook / Competition
- The market is steady as the breakfast and lunch crowd are regulars who dine weekly for business and pleasure.
- Opportunities for Growth
- Offer Dinner Service and Wine and Beer to the restaurant, as well as Takeout Orders and/or Uber Eats, Door Dash.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 5,500
- Rent
- $3,600.00 per month
About the Sale
- Seller Motivation
- Want to Retire
- Transition Support
- Very friendly and supportive. Will be on to assist in transition. They recommend two weeks of learning the operations, suppliers, inventory management, etc.
Listing Info
- ID
- 2393528
- Listing Views
- 684
Listing ID: 2393528 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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