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Listed by:

Bateson Business Brokerage

Italian Restaurant In New Smyrna Beach For Sale

Volusia County, Florida, US
Asking Price:
$230,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$558,918
Cash Flow:
$81,360

This is a unique opportunity for an engaged buyer to acquire a profitable restaurant well located within New Smyrna Beach, an extremely popular beachside community frequented by both tourists and Central Florida residents. Rated as the #2 Italian restaurant in the region for its unique dishes and service. This is a turn key acquisition that includes a seasoned staff and ideal location frequented by heavy foot traffic. Original owner is ready to retire. Despite Covid, the restaurant in recent weeks has been experiencing capacity weekend crowds. Opened only for dinner so offering lunch service, especially in season, should be another revenue driver in addition to continued area growth.

Property Information

Real Estate:

Lease

Lease Terms:

Full service, however, additional $100 monthly charge for water.

Leasehold Rent:

$40,656 per annum

Location:

Located along popular Beach corridor in Volusia County, FL

Premises Details:

Offering is turn key with all Equipment and fixtures as part of sale. Owner extensively renovated space including new tile, electrical and partition walls. Extensive T shaped bar was fully constructed that is actually movable. Lease is full service and includes $100 per month water charge

Size in square feet:
1,500

Business Operation

Expansion Potential:

As restaurant is only opened for dinner, lunch option, especially during peak seasons could significant elevate revenue. Delivery service could be another option along with Happy hour offerings.

Competition / Market:

Restaurant is uniquely located along busy Beach/tourist corridor. Rated as one of best Italian restaurants in region offering great food and service. Located along desired City street that offers limited available leased space for future expansion/competition. Covid did impact 2020 performance, however, patron following appears to have returned with vengeance.

Reasons for selling:

Retirement

Trading hours:

Tuesday - Thursday 4pm - 10pm.
Friday - Saturday 3pm - 10pm.
Sunday 4pm - 9pm

Employees:
13
Years established:
13

Other Information

Support & training:

Owner will train up to 1-month at $0 consideration.

Furniture / Fixtures value:
$85,028 - included in the asking price
Inventory / Stock value:
$8,500 - included in the asking price

Contact Bateson Business Brokerage

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