Authentic Italian Cuisine in a Sought-After Beach Location
| Asking Price: | $2,000,000 |
| EBITDA: | $265,000 |
| Cash Flow: | $390,000 |
BUSINESS HIGHLIGHTS
This outstanding acquisition opportunity is for a full service fine dining restaurant, specializing in authentic Northern Italian fare as well as steaks and seafood in a beautiful upscale restaurant overlooking the ocean. The restaurant is open for dinner nightly and offers an extensive wine list and a full bar. The Company also operates a Pizzeria serving up Napoleon-style pizza made in a custom pizza oven imported from Naples, Italy. The restaurant benefits by being near a resort property, benefiting from those captive patrons.
INVESTMENT APPEAL
Superior Name and Reputation, Excellent Brand Awareness — The Company is a very well-known destination restaurant for travelers and locals. It is located oceanfront next to another famous restaurant and near a resort property.
Ideal Location — The Company is in a unique open air location directly on the beach in a protected bay. It provides diners a beautiful setting, with memorable sunsets and ease of access to a major resort offering convenient walk-paths for onsite guests as well as valet parking.
Awards — The Company has received several prestigious award and accolades over the decades it has been in operation.
Strong Historical Sales and Earnings Growth, Exceptional post-COVID Rebound — The Company’s revenue grew at a 78% CAGR between 2020 and 2022, with revenue in 2022 exceeding 2019’s pre-COVID level by 4.5%. Revenue grew at a 16.8% CAGR and earnings as measured by EBITDA grew at a 29.3% CAGR from 2021 to 2023.
Strong Opportunities for Future Growth — Many opportunities exist to continue strong growth over the years including offering lunch, weekend brunch, and/or tapping into the wedding and large event market.
