**LOCATION, LOCATION, LOCATION**
An Iconic and landmark Italian Restaurant and Pizzeria now available for sale in a once in a lifetime opportunity to own both a business and the real estate. This well-known eatery was established over 30 years ago and has been a staple in the community ever since. Offering a full menu and gourmet pizza in a family friendly and casual atmosphere. The restaurant seats 52 persons inside and has an outside patio with 32 seats. A fully equipped kitchen and all assets are included. The owners are looking to retire. Don’t miss this once in a lifetime opportunity. Please refer to listing #7301-953958, Agent David Balou when inquiring about this listing. Thank you!
- Asking Price:
- $675,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $1,393,936
- Cash Flow:
- $238,307
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Type of Location Retail
Facilities Sellers own the R.E. and will make it available to a buyer.
Monthly Rent $3,500.00
Square Units (Foot, Meter) 1,520
Lease Expiration Date: June 30, 2028, 3:00:00 AM
Terms Options: Seller owns the R.E.
- Leasehold Rent:
-
$3,500 per annum
- Location:
-
Type of Location: Retail
Facilities: Sellers own the R.E. and will make it available to a buyer
- Premises Details:
-
Business History: Same owner for the past 32 years. Business has seen strong growth as the downtown Stuart areas has grown and continues to grow.
- Size in square feet:
- 1,520
Business Operation
- Expansion Potential:
-
Potential Growth: Will continue to grow as the downtown Stuart area expands
- Competition / Market:
-
Competitive Overview: Serves Italian dishes and Pizza. ALL fresh ingredients, never frozen. Business has a patio for outdoor seating and window for quick service. Located next to a large theater.
- Reasons for selling:
-
Retire
- Trading hours:
-
Mon-Thur; 11am - 9pm, Fri & Sat 11a - 10pm, Sun 1130p - 9pm
- Employees:
- 16
- Years established:
- 32
Other Information
- Support & training:
-
Will train for 2 weeks @ no cost.
- Furniture / Fixtures value:
- $125,000 - included in the asking price
- Inventory / Stock value:
- $4,000 - included in the asking price
