Proudly serving for over 30 years under semi-absentee ownership. A well-established Italian restaurant, driven by a genuine passion for authentic flavors and dedicated to creating a warm, inviting atmosphere. The key team members boast over a decade of unwavering commitment. Situated on a bustling thoroughfare with consistently strong financial performance year after year, this presents an ideal opportunity for an experienced restaurateur or savvy investor.
- Asking Price:
- $1,250,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $2,700,000
- Cash Flow:
- $300,000
Property Information
- Real Estate:
-
Lease
- Location:
-
Fort Lauderdale
- Premises Details:
-
Shopping Center
- Size in square feet:
- 5,500
Business Operation
- Expansion Potential:
-
For an Italian restaurant, there are several growth opportunities that can be explored to expand its reach and increase revenue. One key opportunity is to diversify the menu to appeal to a wider range of customers. This could include adding more vegetarian, vegan, or gluten-free options, as well as incorporating trendy or seasonal dishes to keep the menu fresh and exciting. Another growth opportunity is to expand the restaurant's catering services.
- Competition / Market:
-
The market for Italian cuisine is competitive, with a variety of restaurants offering their own take on classic dishes and flavors. Competition comes not only from other Italian restaurants but also from other types of cuisine vying for diners' attention.
- Reasons for selling:
-
Exit Strategy
- Trading hours:
-
4 - 10 pm (7 days a week)
- Employees:
- 30
- Years established:
- 34
Other Information
- Support & training:
-
Will train at no cost for 14 business days following closing.
- Financing available:
-
$125,000 at 8% interest in payments of $5,653 per month payable over 24 months.
- Furniture / Fixtures value:
- $75,000 - included in the asking price
- Inventory / Stock value:
- $20,000 - included in the asking price
