Clearwater Restaurant Gem – 40+ Years of Success & Priced to Sell!

Asking Price$249,000

Cash Flow
$104,523
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$402,586

Inventory$4,000
Included in asking price
FF&E$100,000
Included in asking price
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Clearwater Restaurant Gem – 40+ Years of Success & Priced to Sell!


Asking Price$249,000

Cash Flow
$104,523
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$402,586

Inventory$4,000
Included in asking price
FF&E$100,000
Included in asking price

Seller Financing Available
Business Description
Calling all chefs, cooks, and restaurateurs! MAKE AN OFFER

This is your chance to own a WELL-ESTABLISHED, beloved breakfast and lunch restaurant in BEAUTIFUL Clearwater, Florida. Live the Florida dream by finishing work early and enjoying the weather. Due to unfortunate personal circumstances, the motivated seller is entertaining all reasonable offers. This local favorite has been SERVING GENERATIONS of families for over 40 years and is known for its vibrant atmosphere, friendly service, and loyal customer base.

The restaurant occupies approximately 2,700 square feet (+/-) and offers seating for around 100 guests, with potential to add outdoor seating. Rent is exceptionally LOW at just $2,884 per month, making this a rare find in today’s market. Currently operating six days a week from 7 AM to 2 PM and closed on Sundays, the restaurant is fully staffed with a cook, three servers, a dishwasher, and a prep/delivery person. The hands-on owner is ready to ensure a smooth and seamless transition for the new owner. This is a manageable and TURN-KEY operation, ideal for a passionate chef ready to take the reins or an experienced restaurateur seeking expansion. New ownership with motivation and the love of restaurants can take this to the next level. Owner benefit is based on owner replacing the cook at approximately $50,000 annually.

There is STRONG POTENTIAL for GROWTH by extending hours, opening on Sundays, and implementing third-party delivery and online ordering. Dont forget beer and wine! Yes you can add beer and wine and serve tasty mimosas.
PLEASE NOTE THAT THERE ARE NO FORMAL FINANCIALS AVAILABLE; HOWEVER, THE SELLER WILL SHARE PIVATE BOOKS WITH SERIOUS AND QUALIFIED BUYERS. You cannot build a restaurant for less than the asking price, and this one has stood the test of time for over four decades. Don’t miss this incredible opportunity to step into a successful, long-standing business in one of Florida’s most desirable areas!

*** INTERESTED PARTIES PLEASE SUBMIT YOUR INFORMATION THRU THE CONTACT FORM SECTION “SEND MESSAGE” TO THE RIGHT OR THE BOTTOM OF THE PAGE TO RECEIVE THE NON-DISCLOSURE***. MUST SHOW PROOF OF FUNDS PRIOR TO RELEASING INFO

IMPORTANT NOTICE: This is an operating business being offered for sale "CONFIDENTIALLY". We will not release any information unless there is a non-disclosure signed and proof of funds.

Information contained herein has been obtained from the Owner of the Property or from sources deemed reliable. We have no reason to doubt its accuracy but make no warranty or representation. All information is submitted subject to errors, omissions, changes, withdrawal without notice and any special listing conditions of the Owner.
About the Business
Years in Operation
40
Number of Employees
6
Opportunities for Growth
Open Sunday, add more hours, add 3rd party deliveries and online ordering
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
2,700
Rent
$2,880.00 per month
Lease Expiration
2/1/2034
About the Sale
Seller Motivation
retirment/family
Transition Support
1 week at no cost to buyer
Financing Options
To a qualified buyer with $200,000 down. Remainder over 24 months at 8%
Listing Info
ID
2368920
Listing Views
698

Contact Seller

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Business Listed by: George Antonaklas Realtec Business Brokers

Listing ID: 2368920 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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