Brokered by Michael Shea, Transworld Business Advisors of Tampa Bay
Overview
An iconic, multi-decade bistro in the heart of Orlando recently changed hands in a confidential transaction brokered by Michael Shea of Transworld Business Advisors. The restaurant, a staple in the local dining scene, was sold for $1.1 million with the assistance of an SBA-backed buyer loan.
This transaction demonstrates the market appetite for well-managed, legacy restaurants with transferable operations, consistent earnings, and strong local reputations.
Business Profile
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Location: Orlando, Florida
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Concept: Bistro/Restaurant
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Operations: Breakfast, Lunch, and Dinner
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License: SRX (beer, wine, and liquor with food service requirement)
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Financials: Solid books and records, with Seller’s Discretionary Earnings (SDE) reflecting full-time owner-operator compensation
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Staffing: Experienced management and long-tenured staff in place
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Customer Base: Broad demographic appeal, drawing from nearby residential areas and surrounding commercial districts
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Brand Strength: Well-known in the community, with decades of goodwill
Sale Dynamics
The sale process was highly confidential, with a Personal Financial Statement (PFS) and Non-Disclosure Agreement (NDA) required before sharing details with prospective buyers.
Michael Shea implemented a strategic marketing plan to attract only qualified, serious buyers who understood the complexity and value of acquiring a restaurant of this caliber.
Within weeks, interest was generated from both strategic operators and first-time restaurateurs seeking SBA financing.
Deal Structure
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Sale Price: $1,100,000
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Financing: SBA loan-backed purchase
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Terms: Cash to seller at close
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Transition: Seller committed to a smooth handover period, supporting the continuity of operations and staff retention
Key Factors That Drove Value
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Longevity & Brand: Decades of consistent operation with a strong brand identity made this a low-risk acquisition for a buyer.
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Management in Place: Transferable operations with management already on staff meant minimal disruption post-sale.
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Strong Financials: Clean books and steady SDE presented a bankable case to lenders.
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SRX License: The liquor license enhanced margins and attracted a diverse customer base.
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Broad Customer Base: The location served both residential diners and local businesses, giving it all-day revenue potential.
Broker’s Commentary
“This was a textbook example of how proper preparation, confidentiality, and buyer qualification lead to a strong exit for a long-time owner,” said Michael Shea. “We were able to match the business with the right buyer and secure SBA financing for a smooth and lucrative transaction.”
Lessons for Sellers
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Prepare in Advance: Clean books, documented systems, and a strong management team drive value.
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Confidentiality Matters: Especially with legacy operations, discretion preserves brand and staff morale.
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Pick the Right Broker: Experience navigating SBA deals and prequalifying buyers makes the difference between a deal and a dud.
If you’re a business owner in Central Florida considering a sale, or a buyer looking for solid, cash-flowing opportunities, contact Michael Shea of Transworld Business Advisors of Tampa Bay.
Let experience and execution guide your next move.
Michael Shea represents the Central Florida Transworld office. In business since 2005, he has established a reputation as a trusted business broker across Florida’s key markets- from Tampa to Orlando, Melbourne, and more. Over the past two decades, Michael and his team have closed over $1 Billion in sold business volume and presided over more than 400 transactions. His credentials include the IBBA Certified Business Intermediary®, and most recently, the prestigious Certified Exit Planning Advisor® (CEPA) credential.