Goldmine neighborhood Italian Restaurant and Pizzeria, with seller financing. Open only for dinner from 3 to 9 Tuesday through Sunday. Closed on Mondays and closed for the month of September. Established for over 40 years in an affluent area of northern Palm Beach County. The dining room seats 65, consisting of booths, tables and private room for small family gatherings. Spacious kitchen with a 10-burner stove, 1 fryer under the hood, double stack Bakers Pride pizza ovens, Hobart 60-qt mixer, etc. Prime endcap location with frontage on main highway. The restaurant is approximately 1700 SF, with a great lease of only $4,470 a month, expiring 1/31/2028 and with 2 5-year renewal options. This is a great turn-key, profitable Italian restaurant and pizzeria with much more potential if one opens for lunch. Owner looking to retire. Please refer to listing advisor Max Crescenzi when inquiring
- Asking Price:
- $225,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $602,936
- Cash Flow:
- $101,020
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Business Location is
Leased
Type of Location
Mall Center
Facilities
Monthly Rent
$4,470.00
Square Units (Foot, Meter)
1,700
Lease Expiration Date
January 31, 2028, 12:00:00 AM
Terms Options
2-5 Year options
- Location:
-
Business Location is
Leased
Type of Location
Mall Center
Facilities
Monthly Rent
$4,470.00
Square Units (Foot, Meter)
1,700
Lease Expiration Date
January 31, 2028, 12:00:00 AM
Terms Options
2-5 Year options
- Size in square feet:
- 1,700
Business Operation
- Reasons for selling:
-
Downsizing
- Trading hours:
-
Tuesday-Sunday 3-9
- Employees:
- 6
- Years established:
- 40
Other Information
- Support & training:
-
Seller will train for 2 weeks at no cost
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
Owner Financing Amount
$75,000.00
Owner Financing Interest
7%
Owner Financing Terms Months
36
Owner Financing Monthly Payment
$2,315.78
- Furniture / Fixtures value:
- $40,000 - included in the asking price
- Inventory / Stock value:
- $1,200 - included in the asking price
