CRAB & FIN, LLLP

What CRAB & FIN, LLLP does

Crab & Fin, LLLP operates a single-location seafood restaurant situated on St. Armands Circle in Sarasota, Florida. Founded in 1978, the establishment has sustained continuous operations for over 47 years under a long-tenured management and ownership team, serving a mix of local Sarasota residents, seasonal residents, and the destination tourist market at a 150-seat dining room supplemented by an upstairs private dining space. The menu is positioned as upscale-casual seafood spanning shellfish, raw bar items, fish preparations, and steaks, with a full bar program.

The business model is conventional full-service restaurant operations: dine-in lunch and dinner service as the primary revenue line, second-level private event hosting (groups, celebrations, corporate) as a higher-margin secondary revenue stream, and gift card sales as an ancillary retail line that also provides working capital float. Customer acquisition is largely organic, anchored by the destination status of St. Armands Circle and the 47-year brand familiarity within the Sarasota market. Pricing is check-based with an estimated per-cover average in the $60–$90 range, consistent with the upscale-casual positioning; event pricing is customized per booking.

The technology footprint is minimal and entirely third-party. Reservations and table management run on Resy, the public-facing website is hosted on Squarespace, and transactions are processed through an implied standard point-of-sale system. There is no proprietary technology layer, no in-house delivery infrastructure, no formalized loyalty program beyond the gift card mechanism, and no data or analytics platform evident in the input. The legal entity is structured as a Florida limited liability limited partnership (LLLP), consistent with a closely-held, owner-operated independent restaurant.

Name

CRAB & FIN, LLLP

Legal name

Crab & Fin Restaurant

Website

https://crabfinrestaurant.com

Company type

Private

Founded year

1978

Operating status

Operating

Headcount range

1–10 employees

Short description

Single-location seafood restaurant on St. Armands Circle in Sarasota, Florida, operating since 1978 with 150 seats, full bar, dine-in service, upstairs private event dining, and gift card sales.

Ownership category

akta.pro rank

Product category

Fine Dining Seafood Restaurant

SIC

Retail-Eating Places (5812)

akta.pro primary industry

Steakhouses & Seafood Restaurants (THAFACAE)

Keywords

• Fresh seafood restaurant
• Fine dining services
• Private event catering
• Seafood sourcing
• Happy hour dining

Headquarters

HQ city

Sarasota

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Dine-in Food & Beverage Sales: Traditional restaurant revenue from selling seafood dishes, cocktails, wine, beer, and other beverages to dine-in guests. Revenue is generated through individual guest checks at the 150-seat restaurant.
2. Private Events & Catering: Revenue from hosting private parties, events, and catering functions in the restaurant's second-level private dining area. Charges include per-person pricing for food and bar packages, room fees, and mandatory service charges.
3. Gift Card Sales: Sale of gift cards at fixed denominations ($25 to $500), sold directly through the restaurant's website and in-person. Gift cards provide future redemption value.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Crab & Fin operates a 150-seat full-service seafood restaurant at 420 St. Armands Circle in Sarasota, Florida, serving lunch and dinner daily with menus built around fresh whole fish delivered by air and filleted in-house, plus homemade pasta, bread, and pastries. The restaurant supplements dine-in service with a second-level private dining and catering program for events of 10 to 60+ guests and direct online sales of gift certificates in fixed denominations from $25 to $500.

Product overview

Crab & Fin is a traditional full-service seafood restaurant operating since 1978, offering dine-in experiences, private event catering, and gift cards. The restaurant serves lunch and dinner daily with fresh seafood sourced locally and globally, featuring happy hour specials at the bar and early dining discounts. Private party services include customizable menus for groups of various sizes with beverage package options.

Differentiator

Problem solved

Functional benefit

Products and services

• Restaurant Dining
• Happy Hour
• Early Dining Special
• Private Parties & Events
• Gift Cards

Quantifiable outcome

• Serving Sarasota since 1978 with consistent recognition for fresh food and friendly service

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves4 records

Expansion highlights1 record

Direct peers

• Indigenous: James Beard-recognized fine dining restaurant in Sarasota sourcing local and sustainable ingredients. Closest direct comparable on the Sarasota fine dining scene, sharing a high-quality, source-driven positioning and tourist/local clientele.
• Michael's On East: Long-running Sarasota fine dining institution offering lunch, dinner, and private events in a premium setting. Comparable as another legacy Sarasota full-service restaurant with banquet/event capabilities and similar tourist-plus-local customer mix.
• Owen's Fish Camp: Florida-based seafood restaurant in Tampa's Hyde Park Village with a similar focus on fresh, responsibly sourced seafood in a casual-upscale setting. Directly comparable in product (fresh fish-focused menu), customer experience, and Florida regional seafood positioning.

Broad incumbents

• Chart House: National upscale seafood restaurant chain (Landry's) with waterfront locations across the U.S. Overlaps in product category (fresh seafood, full bar) and dining occasion, but operates at much larger scale and is part of a multi-concept portfolio.
• Legal Sea Foods: Long-established seafood restaurant brand known for fresh, responsibly sourced seafood. Closest national analog on the 'fresh seafood destination' positioning, though it operates as a multi-location chain rather than a single flagship restaurant.
• Bonefish Grill: National seafood-focused casual dining chain (Bloomin' Brands) with broad Florida presence. Competes for similar seafood dining occasions but at a more accessible price point and with significantly broader geographic scale.
• The Capital Grille: Darden-owned upscale steakhouse chain with extensive seafood offerings. Competes for the same fine-dining occasion and tourist/resident customer segment, particularly in Florida markets, though its primary identity is steak rather than seafood.
• Seasons 52: Darden-owned fresh-grill chain emphasizing seasonal, sourced ingredients. Overlaps on the fresh, seasonal, source-conscious positioning and full-service dining model, but at a more accessible price point and broader footprint.
• Pappadeaux Seafood Kitchen: Large Texas-based seafood restaurant chain known for fresh, globally sourced fish with a high-volume, full-service format. Comparable in core product (fresh seafood daily) and dine-in experience, but operates at multi-state chain scale.
• Eddie V's Prime Seafood: Darden-owned upscale seafood and steak chain focused on fresh seafood, premium cocktails, and wine. Direct product-category overlap (fresh seafood, fine dining positioning) but operates nationally as part of a multi-brand restaurant portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat2 records

Key risks7 records

Key highlights7 records

Customer concentration

• Instagraminstagram.com/crabfinrestaurant
• LinkedInlinkedin.com/company/crab-&-fin-lllp

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CRAB & FIN, LLLP