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Restaurants & FoodFor Sale

Thriving Waterfront Seafood Restaurant - St Petersburg Beachside Gem

St Petersburg, Florida

About This Business

This exceptional waterfront seafood restaurant in the heart of St Petersburg has established itself as a community favorite since 2022. With annual revenues exceeding $2.4M and strong cash flow of $183K, this business demonstrates proven operational success and market demand. The restaurant features a strategic location near downtown St Petersburg's bustling entertainment district, capturing both locals and tourists seeking authentic coastal dining experiences. The operation is fully staffed with 20 dedicated employees across kitchen and front-of-house positions, ensuring seamless daily operations. The establishment has developed an excellent reputation for fresh seafood preparations, craft cocktails, and waterfront ambiance. Comprehensive systems, vendor relationships, and customer loyalty programs are already in place, providing a turnkey opportunity for an experienced restaurant operator. The owner is motivated to sell due to health reasons and is committed to finding the right buyer who will honor the restaurant's reputation and legacy. This represents a rare opportunity to acquire a profitable, well-established food service business with strong financials and significant growth potential in one of Florida's most desirable coastal markets.

Financial Details

Asking Price
$680,000
Cash Flow
$185,000
Gross Revenue
$2,440,000
EBITDA
$145,000
Inventory
N/A

Business Details

Established
2022
Employees
20
Real Estate
Own
Reason for Selling
Health Reasons
Financing
Yes
Training
Yes

Deal Analysis

Estimated figures for analysis purposes only. Consult a financial advisor.

Price/SDE Multiple
3.7x
Price/Revenue
0.3x
DSCR
2.17
Cash on Cash ROI
58.4%
Down Payment (SBA 10%)$68,000
Loan Amount$612,000
Monthly Payment$7,106/mo
Annual Debt Service$85,270
Owner Salary$60,000
Cash Flow After Debt + Salary$39,730
Asking Price
$680,000
Cash Flow: $185,000

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