St Petersburg Icon Restaurant Easy Operations Absentee Owner Potential

Asking Price$373,000

Cash Flow
$200,000

EBITDA$351,843

Gross Revenue$351,843

Inventory$20,000
Not included in asking price
FF&E$75,000
Included in asking price
Open 6 days Breakfast LunchSave

St Petersburg Icon Restaurant Easy Operations Absentee Owner Potential


Asking Price$373,000

Cash Flow
$200,000

EBITDA$351,843

Gross Revenue$351,843

Inventory$20,000
Not included in asking price
FF&E$75,000
Included in asking price
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.
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

Contact Seller

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Business Listed by: Grier Holliday

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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