Status: Active

*PRICE REDUCED* Location Is About To Become A Goldmine

$ 229,000 -
Can be family run to increase profits. Iconic eatery in the heart of downtown St LOCATION, LOCATION, LOCATION.........Downtown St. Pete historic landmark sandwich shop which is about to experience incredible growth due to one of Florida's tallest buildings being built outside it's front door!!! This already profitable business sits first in line for massive growth opportunities as the biggest construction project ever in the history of St Petersburg is about to commence. This is a once in a lifetime opportunity, and a return on investment unlike anything in its class. This famous sandwich shop has been a staple of downtown St. Petersburg for over 30 YEARS!!! Situated right in the heart of downtown St. Pete, the store has a very loyal customer base, as well as excellent online reviews that attract visitors (4.8 on Facebook, 4.5 on Yelp, etc.). 2017 net profit was $81,000. 2018 was just shy of $100,000. The owners are largely absentee owners, which makes this opportunity perfect for a couple/family run business and add the payroll (+ payroll expense) back to the bottom line. The owners may be willing to finance a portion of the sale to the right buyer(s) too. Very easy store to run and manage with dedicated, fully trained staff. Open from 7.30am - 3.30PM - Mon-Fri., and 11.00am - 3.00PM on Saturdays. Up until very recently, the store opened at 9.00AM, but have now started doing breakfast. Add Sundays and evenings to the schedule and grow this business even more. As you probably know, and have seen, downtown St. Pete is a bright shinning star in one of the fastest growing metropolitan areas in the nation. With so many new residential units currently under development, the addition of the new pier project, a continuous influx of new businesses, downtown St. Pete is a thriving hub, and continues to be so. Buyers will be required to complete a NDA, provide proof of funds, and will be required to keep all information in the strictest confidence.
INVENTORY INCLUDED -  Yes
REVENUES -  $ 360,250
REAL ESTATE -  Not Disclosed
CASH FLOW -  $ 97,630
YEAR ESTABLISHED -  Not Disclosed
FF&E -  Not Disclosed
EMPLOYEES -  Not Disclosed
LISTING ID -  72
MLS CODE -  Not Disclosed

NDA & Disclaimer

Non-Disclosure Agreement:
For further details, please sign and submit our NDA form. You don't have to print it, scan it or fax it as the whole process is completed online. Once we get it, we will come back to you shortly with more details.

Disclaimer:
The information in this listing has been provided by the business seller. The business Broker has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.