In the first campaign in B PFG, Kaliakra survived relegation back to third division at the end of 1980–81, but with only point more than rivals Chernolomets Popovo.

The next season meant a 14th place for the team, but in 1982-83 Kaliakra won just eleven games during the entire campaign and were relegated.

In 2007–08 season Kaliakra had their best Bulgarian Cup run ever, beating Chavdar Etropole and elite Lokomotiv Plovdiv before losing to Cherno More Varna on penalties in the semi-finals.

The season in the domestic league was also successful for the team, after they finished 2nd, and qualified for the play-off for promotion in the top division.

The team began the campaign under the management of Filip Filipov, starting strong, with an away 0–1 win against Slavia Sofia.

Good results in the last couple of rounds improved their position on the table, eventually leading Kaliakra to a 12th-place finish, thus avoiding relegation.

Kavarna only won two games, against Beroe Stara Zagora and PFC Vidima-Rakovski Sevlievo, both of which were home wins.

After two more years in B PFG Kaliakra was relegated back to the amateur divisions, ending nearly a decade of professional football.

The club was subsequently renamed to Kaliakra 1923 and began playing in the fourth tier of Bulgarian football.

The record attendance of the stadium is 4,540 spectators and it was achieved at the game against Cherno More Varna on April 16, 2008, in the semi-final of the Bulgarian Cup.