Pete High Volume Restaurant For Sale In Downtown St St. Petersburg, FL 33701
- Retail properties
- 2,710 SF
Current Use by Public Records
- Retail properties
Property Details for Pete High Volume Restaurant For Sale In Downtown St
- Year built
- 2018
- Property size
- 2,710 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- St. Petersburg
- County
- Pinellas
- State
- Florida
- Longitude
- -82.6321
- Latitude
- 27.7696
