Iconic South Florida Landmark. Original Owners. Family style restaurant serving top quality Authentic Italian Food and Pizza. Sellers are looking to retire after 40 PLUS PROFITABLE years. Business has fully recovered from its slight COVID dip. Excellent reputation and well known amongst locals, businesses and tourists. Many 5 Star Google Reviews. Seats 90. Beer and wine license. Dine in, Take out, Delivery and Catering. Long list of delicious menu items. There is something for everyone here. Offers daily lunch specials, complete dinners, subs, salads, gourmet pizzas and healthy choices. Rare opportunity for an entrepreneur / chef looking to take over the legacy of this long standing Restaurant. Also for an experienced group that wants to expand their South Florida footprint. Top location with average daily traffic count ~45,500. Opportunity to Franchise. Can work for an E2/ L1/ EB5 Visa. Real Estate is also available for purchase or seller will offer a long term favorable lease. Experienced operators call ASAP to further. Seller financing will be considered!
- Asking Price:
- $689,000 Inventory / Stock included
- Sales Revenue:
- $1,310,000
- Cash Flow:
- $238,000
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Seller owns the property and will give a favorable long term lease. Lease includes property tax, trash removal and water.
- Leasehold Rent:
-
$9,157 per annum
- Location:
-
Highly visible location on major travel corridor. Plenty of parking. Seat 90. Full kitchen. Equipment in excellent condition. Hood and Grease trap in compliance. Full eat in dining area plus private party room. RENT INCLUDES, WATER, TRASH, Property tax.
Business Operation
- Competition / Market:
-
This is the Italian Restaurant - Pizzeria that has set the mark for decades. Well known for many years for serving top quality food, and generous portions at excellent prices. This a family friendly establishment.
- Reasons for selling:
-
Retirement
- Employees:
- 23
- Years established:
- 1970'S
Other Information
- Support & training:
-
Seller will assist in a transition period.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
Owner will consider for a buyer with restaurant experience.
- Inventory / Stock value:
- $40,000 - included in the asking price
