European Restaurant For Sale - St. Petersburg Florida
European restaurant for sale in the St. Petersburg, Florida region for $110,000! Established location, currently grossing an estimated $303,231 and nets $68,969. Income based on an owner/operator role. Restaurant is approximately 1500 sq. ft. and seats 42 inside and 16 outside. Located in the heart of downtown St. Petersburg, surrounded by restaurants, retail, and nightlife. Includes all restaurant equipment. New owner will need to be approved by the landlord.
Frequently Asked Questions:   Price: $110,000   Cash Flow: $68,969   Financing: No   Listing: Inactive
What is the current gross revenue for this restaurant? The current gross revenue being generated is estimated at $330,000.
How does the restaurant profit? Current profits are generated from the gross revenue, minus food purchases, payroll, supplies, and operating expenses. This will determine your net/cash flow.
Can I finance this restaurant? No seller financing is available. This business may qualify for a business or SBA loan. However, if financing is needed for startup cost you can review additional Financing Options Here.
What are my expenses and overhead for a restaurant business? Expenses will vary for each restaurant owner depending on the type of restaurant, number of employees, and location. Current expenses for this owner include: royalties, payroll, payroll taxes, workers compensation, advertising, supplies, food, utilities, property rental fees, permits and licenses, phone, and liability insurance. Expenses are estimated to be $234,262 per year (Note: Expenses represent a cash purchase and do not account for finance payments if requiring a loan to purchase).
Is the restaurant property owned or leased? Currently the owner leases the property. New owner must be approved by the landlord. Note: New buyer will sign lease terms with the property owner.
Where is the restaurant located? Located in the St. Petersburg, Florida region. Physical address will be released to qualified buyers upon execution of an NDA.
What type of equipment is included with the sale? Current list of equipment includes: back refrigerated counters, sandwich unit, microwaves (commercial grade), toaster oven, cooler, freezer, baking oven, bread trays, liners, veggies cutter, tomato cutter, thermometer, soda fountain, ice machine, POS system, camera security system and furniture.
How many customers can this restaurant seat? This restaurant is approximately 1500 sq. ft. and can seat 42 inside and 16 outside.
Does this restaurant currently have a beer or liquor license? Yes, there is a beer license included with this sale.
Does the restaurant offer drive-thru or delivery service? There is no drive-thru but delivery service is offered.
How long has the seller owned the restaurant? Seller has owned this restaurant for 8 years.
Why is the owner selling? Owner is relocating.
What are the hours of operation? This restaurant is operated from 11:30am to 3pm Monday - Wednesday, 11:30am to 8pm Thursday; 11:30am to 3:30am on Friday; 12pm to 3:30am on Saturday; 12pm - 8pm Sunday.
What else should I know? Established restaurant opportunity. Turnkey and move in ready. Includes the cost of all equipment. Plenty of opportunity to increase revenue. Priced at $110,000. For additional information and to evaluate this business further Contact Us About This Restaurant Here!
Disclaimer: Restaurants For Sale is a Restaurant Broker that brings buyers and sellers together. Restaurants For Sale does not represent, or is not affiliated with the company or franchise being offered. All agreements are made between the buyer and seller and not Restaurants For Sale. It is the prospective Buyer's duty and obligation to verify the accuracy of the Sellerís representations and if necessary retain attorneys, accountants, business appraisers, or other professionals. The representation of income is based on the efforts of the current owner. As with any business you can make more or less.