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Long Established Business for Sale including real estate
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A Rare Piece of Sarasota History. Four turn-key furnished residences. Three City Lots. One Extraordinary Piece of Sarasota History. Welcome to Roy's Place, a truly unique business and historic property originally built by John Ringling Jr., offering vintage Sarasota charm paired with modern flexibility and lucrative income. Set on three city lots, this 125-foot-long masonry gem creates an extraordinary private compound with four distinct units. The main residence features two bedrooms, one and a half bathrooms, and a wonderfully unique office or breakfast nook, highlighted by timeless architectural details including stone porches, arched doorways, pecky cypress paneling, tall vaulted beamed ceilings and a wood-burning tiled fireplace. Modern updates complement the historic character with stainless steel appliances, granite countertops, and updated fixtures. The main house also includes a one bedroom, one bath in-law suite with private entrance, kitchenette, heated pool w/ waterfall, hot tub, outdoor shower. Next is a two bedroom, 1 bath Accessory Dwelling Unit with full kitchen, vaulted ceilings, private heated pool w/ waterfall, hot tub, shower, lanai. Plus it has it's own one bedroom, one bath in-law suite with private entrance and high-end finishes. Fully turnkey furnished with curated artistic tropical bohemian furnishings. Located in a quiet, tree lined Northwest Sarasota close-in neighborhood just two miles north of downtown Sarasota, the property offers easy access to Lido Key, Longboat Key, St. Armands Circle, and the vibrant dining, arts, and cultural scene of downtown Sarasota. This is a wonderfully unique, established, highly successful rental business that includes a turn key property that offers exceptional character, privacy and opportunity in one of Sarasota’s most desirable locations. Don’t miss this opportunity to Own a successful business with Vintage Charm and Resort-Style Living.
About the Business
- Years in Operation
- 12
- Currently Home Based
- Yes
- Facilities & Assets
- Historic close-in Sarasota established owner/operator business with consistent gross income of $175,000/yr income from main house + ADU + 2 in-law suites. Main home: restored, historic 2BD/1.5BA with vintage box-beamed vaulted ceilings, pecky cypress walls, tiled fireplace, screened lanai under 200-yr oak, fenced yard. Main house in-law suite has private entrance, heated pool w/ waterfall, hot tub, outdoor shower. Detached 2BD ADU w/ full kitchen, vaulted ceilings, private heated pool w/ waterfall, hot tub, shower, lanai. Plus attached 1BD suite w/ high-end finishes. Fully turnkey furnished with curated artistic tropical bohemian furnishings. Established short-term / long term rental history. Wonderful neighborhood lifestyle and established successful business with impressive income for the past 10 years. Owner selling due to retirement. Includes business name, over 500 five star reviews, future reservations, supplies and training to enjoy a lifetime of living and working in paradise.
- Website
- Show Website URL
- Market Outlook / Competition
- Rare, ideal location that is a quiet, tree filled, waterfront neighborhood yet 5 minutes to theaters, restaurants, bars of Main St. Sarasota, 15 minutes to world class Lido beach and only 3 minutes to world famous Ringling Museum. Design of vacation rentals exude unmatched privacy targeting romantic couples and honeymoon couples. No competition for this underserved niche market.
- Opportunities for Growth
- Current owner/operator blocks 1 night between guest for a slower pace at turning over a unit. unblocking dates will increase cash flow up to 8%. Current owner/operator also blocks several weeks throughout year for either personal use or travel. Unblocking dates will increase gross income.
Real Estate
- Owned or Leased
- Owned
- Included in asking price
- Building Sq. Ft.
- 3,500
About the Sale
- Seller Motivation
- Retirement. Current owner of 14 years is 70 years old and time to pass the torch
- Transition Support
- Vendor list, Full in person management training from owner/operator. Business name rights, over 500 five star reviews, all listings on rental platforms.
- Financing Options
- Qualifies for DSCR, FHA, Conventional and SBA financing
Listing Info
- ID
- 2547011
- Listing Views
- 437
Attached DocumentsAttachment Disclaimer
pro_forma_valuation_report (2).pdf
Sarasota-Spotlight-Gorilla-House (1).pdf
Business Location
Listing ID: 2547011 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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