A very successful and profitable 9-year-old Italian Restaurant and Bar located in the heart of the Palm Beaches. Featuring Indoor and outdoor seating, Homemade Italian Food in a family setting. Managers, Pizza makers and staff in place. The perfect opportunity for an owner operator, investor or anyone that wants to be a part of the thriving South Florida Pizza, Pasta, and Bar scene. Please refer to listing # Agent Joshua Sagman when inquiring about this listing. Thank you!
- Asking Price:
- $850,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $1,763,299
- Cash Flow:
- $400,000
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Terms & Options: Long Term Lease & Options Expiration Date: 4/1/2028
- Leasehold Rent:
-
$16,490 per annum
- Premises Details:
-
Located in a strip center
- Size in square feet:
- 3,900
Business Operation
- Competition / Market:
-
Non Compete : Miles: 10 Years: 2
- Reasons for selling:
-
Buying another Restaurant
- Trading hours:
-
Monday- Thurs: 11am – 9pm, Friday & Saturday 11am -10pm Sunday 12-8pm
- Employees:
- 32
- Years established:
- 9
Other Information
- Support & training:
-
Will train for 2 weeks @ no cost.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
Loan/Seller - Amt: 350,000 Mos: 36 Rate: 8.00 Mo Pmt: 10,967.73
- Furniture / Fixtures value:
- $75,000 - included in the asking price
- Inventory / Stock value:
- $12,000 - included in the asking price
