Hot Listing
Excellent Smooth Operations/Growth 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: $465,000
- Seller's Discretionary Earnings: $200,000
- EBITDA: $351,843
- 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 $3,200 monthly, the business maintains low 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
- Sunday operations
- Enhanced evening entertainment offerings
Owner Support:
The seller offers comprehensive transition assistance with friendly, supportive guidance to ensure smooth ownership transfer and continued success.
Location Benefits:
Prime Saint Petersburg location in Pinellas County benefits from strong local patronage and tourist traffic, 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 experienced restaurant operators seeking a stable, profitable business with growth opportunities.
Financial Performance:
- Annual Revenue: $465,000
- Seller's Discretionary Earnings: $200,000
- EBITDA: $351,843
- 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 $3,200 monthly, the business maintains low 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
- Sunday operations
- Enhanced evening entertainment offerings
Owner Support:
The seller offers comprehensive transition assistance with friendly, supportive guidance to ensure smooth ownership transfer and continued success.
Location Benefits:
Prime Saint Petersburg location in Pinellas County benefits from strong local patronage and tourist traffic, 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 experienced restaurant operators seeking a stable, profitable business with growth opportunities.
About the Business
- Years in Operation
- 75
- Number of Employees
- 3
- Facilities & Assets
- Excellent facilities, sandwich makers, grills, hvac hood, ice machines, refrigerators, toasters, 3 freezers, bottles of teas, canned sodas refrigerator.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 5,500
- Rent
- $3,200.00 per month
About the Sale
- Transition Support
- Very friendly and supportive. Will be on to assist in transition.
Listing Info
- ID
- 2393528
- Listing Views
- 415
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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