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Very Profitable Italian Restaurant Iconic South Florida Landmark For Sale

Broward County, Florida, US
Asking Price:
$689,000 Inventory / Stock included
Sales Revenue:
$1M - $5M
Cash Flow:
$238,000

Iconic South Florida Landmark. Original Owners. Family style restaurant serving top quality Authentic Italian Food and Pizza. Sellers are looking to retire after 40 Plus Profitable years. Business has fully recovered from its slight Covid dip. Excellent reputation and well known amongst locals, businesses and tourists. Many 5 Star Google Reviews. Seats 90. Beer and wine license. Dine in, Take out, Delivery and Catering. Long list of delicious menu items. There is something for everyone here. Offers daily lunch specials, complete dinners, subs, salads, gourmet pizzas and healthy choices. Rare opportunity for an entrepreneur / chef looking to take over the legacy of this long standing Restaurant. Also for an experienced group that wants to expand their South Florida footprint. Top location with average daily traffic count ~45,500. Opportunity to Franchise. Can work for an E2/ L1/ EB5 Visa. Real Estate is also available for purchase or seller will offer a long term favorable lease. Experienced operators call Asap to further. Seller financing will be considered!

Property Information

Real Estate:

Lease

Lease Terms:

Lease includes CAM, Water, trash, tenants share of property taxes.

Leasehold Rent:

$109,884 per annum

Location:

Top South Florida Location. Approx. 45,500 cars passing by daily. Convenient to major highways. Surrounded by many communities and commercial centers.

Premises Details:

Highly visible location on major travel corridor. Plenty of parking. Seat 90. Full kitchen. Equipment in excellent condition. Hood and Grease trap in compliance. Full eat in dining area plus private party room.

Business Operation

Expansion Potential:

A new owner can expand online marketing, social media promotion. Increase catering events. Possibly franchise the concept.

Competition / Market:

This is the Italian Restaurant - Pizzeria that has set the mark for decades. Well known for many years for serving top quality food, and generous portions at excellent prices. This a family friendly establishment.

Reasons for selling:

Retirement

Trading hours:

Open 7 days for lunch and dinner.

Employees:
25
Years established:
45

Other Information

Support & training:

Sellers will assist in a transition period.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Seller will consider financing a portion of the sale.

Inventory / Stock value:
$40,000 - included in the asking price

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