For Sale
$175,000

Pete High Volume Restaurant For Sale In Downtown StSt. Petersburg, FL 33701

High-volume, established eatery. Prime location.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional restaurant opportunity in downtown St. Petersburg, Florida, is priced to sell at $175,000. Boasting 2,710 square feet of space, this 2018-built establishment generated $1,160,848 in net sales last year. The current fast-casual Asian concept is easily adaptable to full-service dining, subject to landlord approval. The spacious interior comfortably seats 70 guests, with an additional 20 seats available outdoors. The fully equipped kitchen features a 24-foot exhaust hood, an in-ground grease trap, five wok stations, two fryers, a char broiler, a convection oven, and ample refrigeration including walk-in cooler and freezer. Extensive high-quality kitchen equipment and furnishings are included in the sale, along with an array of pots, pans, and smallwares. The lease has five years remaining, expiring July 17, 2027. This turnkey operation presents a rare chance to acquire an established restaurant in a highly sought-after downtown location with exceptional visibility and high foot traffic. The current operating hours are Monday-Thursday 11 am - 9:30 pm, Friday 11 am - 10:30 pm, Saturday 12 pm - 10:30 pm, and Sunday 12 pm - 9:30 pm. The business currently employs 5 full-time and 20 part-time employees. This is an ideal opportunity for an owner-operator to capitalize on the existing success and create their own unique culinary venture.

Highlights

  • Lease Term: 2-5 years
  • Monthly Rent: $11,775
  • Seating Capacity: 70
  • Square Footage: 2,710 sq ft
  • Hood System: 24 ft, includes wok cooker, fryers, grill, rice cookers, and prep equipment
  • Hours of Operation: Mon-Thu 11am-9:30pm, Fri 11am-10:30pm, Sat 12pm-10:30pm, Sun 12pm-9:30pm

Property Details for Pete High Volume Restaurant For Sale In Downtown St

Property type
Retail properties, Restaurants
Square Feet
2,710 SF
Year Built
2018

Location Insight

City
St. Petersburg
County
Pinellas
State
Florida
Latitude
27.7696063
Longitude
-82.6321376
Pete High Volume Restaurant For Sale In Downtown St, St. Petersburg, Florida

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Pete High Volume Restaurant For Sale In Downtown St
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