Downtown St Pete Deli

Business Opportunity for Sale
Sale Pending
Catylist Listing ID: 30805275
Property Subtypes: Food and Beverage
Status: Pending
Building Size (RSF): 911 SF
Sale Price: $75,000
Year Business Established: 2000
Gross Revenue: $120,000 (Annual)
Cash Flow: $45,000 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Sale Terms: Cash at Closing
Last Updated: 8/3/2022

Overview / Comments

Rare Downtown St Pete opportunity. Breakfast and Lunch Deli with a captive customer base. Ground Floor of office building plus street exposure. Small venue with indoor and outdoor seating. Great buildout shows well. Currently open M-F, 7:30am to 2pm. Full Service Lease includes utilities. Common area restrooms included in lease. Many ways to expand with social media marketing, catering, expanded hours. Truly a turn-key transaction, start making money on your first day.

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Pinellas
Industry Segment: Restaurants
Reason for Selling: Retirement
Value of Inventory Included ($): $3,500
Value of Furniture, Fixtures, and Equipment ($): $40,000
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: Full Service Lease, below market with 3 years left. Tenant only pays internet, cable, and phone. Landlord will extend or renegotiate.
Employee/Labor Description: Operates with minimal staff
Mgmt/Training Support Description: Two weeks training included
Competition/Market Description: This is a Prime, Downtown St Petersburg location in office building. Low cost of entry into a very dynamic market that is growing rapidly. In the Central Arts District.
Growth/Expansion Opportunities: Join one of the most vibrant markets in the country. Hundreds of new residential condos are under construction within a block of this downtown Deli.
Seller Financing Description: Cash at closing

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,977 108,161 242,601
Median Age: 44.17 40.56 42.29
Households: 9,720 47,278 106,132
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