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Sba Qualified Down Nets Italian Restaurant For Sale

Metro Orlando, Florida, US
Asking Price:
$975,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$2,172,541
Cash Flow:
$490,010

SBA Pre- Qualified with approximately $210K down required.

The 2021 Sales Were an Astounding $2,632,000, up from $1,325,644 in 2020 despite being closed for 80 days due to Covid. 2019 Sales were $1.55M. . ***2021 Complete financials coming soon!

This authentic Italian Restaurant is Rated 5 Stars by Google, Yelp and Open Table and dominates in it's market because if its Quality Fresh Food and Great Ambiance.

What's the Upside? It's open short hours on Saturdays and Sundays and closed for many important holidays - including Mothers Day; Demand is clearly there for it to open longer hours, however Seller prefers to spend more time with his family.

After the 2 week free training period Seller may stay on as consultant or as a part-time manger. Sellers Requires All Buyers are Qualified before disseminating additional information.

Qualified buyers who meet the management criteria to take ownership and responsibility of this listing’s Flagship location, can request an owners meeting to discuss the details of the restaurant model and a confidential presentation on brand strategies critical to exciting digital hospitality market changes ahead.

Owners Benefits at the end of 2021 estimated at $480K on sales of $2.5M+. Sales continue to grow annually. Despite being closed for over 2 months in 2020, due to Covid, this business was still able to generate sales of $1.35M.

As this is a Confidential Sale all Serious Buyers must sign a NDA in the attached Offering Memorandum and be pre-qualified before further information is disseminated.

Property Information

Real Estate:

Lease

Lease Terms:

The current lease has 2 five-year options which shall expire April 2033. Currently the rent is $11,252.33 per month inclusive of all expenses and taxes.

Location:

Metro Orlando close to a High Demographic Area.

Premises Details:

2,830 Square Feet located in a busy office and retail plaza.

Business Operation

Expansion Potential:

Open short hours at the weekend and closed for some important holidays. Demand is clearly there for more hours; however, Seller is now 60+ Years Old & prefers to spend more time with his family.

Competition / Market:

No other Italian restaurant of this high quality for many miles around.

Reasons for selling:

After 35 years Seller is downsizing Towards Retirement

Trading hours:

Monday to Friday: 11am to 10pm. Saturday: 5pm to 10pm Sunday: 4pm to 9pm

Employees:
24
Years established:
17+

Other Information

Support & training:

At least 2 weeks for no cost to new Buyer. After this Seller will consider staying, if the new owner wishes, on a part-time basis only as a consultant or as a manager.

Financing available:

Business is Pre-Qualified for a SBA Loan with approximately $210K down for a Buyer who will need to be qualified by the Lenders. Please contact our office for further details.

Furniture / Fixtures value:
$250,000 - included in the asking price
Inventory / Stock value:
$5,000 - included in the asking price
Related Documents:

Contact Spectrum Realty Partners

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