Broward County Italian Restaurant For Sale - $1.3M Sales

Fort Lauderdale, FL

Seller Financing Available

listing image
Asking Price:$550,000
Gross Revenue:$1,300,000
Rent:$9,600/Month
Cash Flow:$270,000
Inventory:$10,000
Established Year:1980
BUSINESS DESCRIPTION

High Volume Pizzeria & Italian Restaurant - Over 40 Years In Business

Celebrating over 40 years in business! This Italian restaurant is a staple in the community. High volume with sales of about $1.3M with no advertising or marketing whatsoever – this business is a cash-cow. The monthly rent is less than 8 % of sales – creating a very lucrative recipe for success. A long-term lease is available with negotiable terms. Rent includes trash and water. The business is well known for its authentic Italian dishes in a cozy, family-orientated environment. The restaurant specializes in pizza and classic Italian dishes like Chicken Parmesan, Chicken Francese, Fettuccini Alfredo, Lasagna and many more. The restaurant serves beer and wine. This is a very rare opportunity and is the first time the restaurant has been put on the market since it first opened. The restaurant comfortably seats 90 guests and offers dine-in, take-out, catering and delivery through 3rd party companies. Dine-in accounts for 60% of the business. The restaurant is 100% turn-key and fully staffed. Many of the staff members have been with the business for more than 10 years. An owner-operator can expect Net Income in Excess of $270,000 per year. 3,500 square feet and a commercial grade kitchen, this restaurant is made to handle high volume. Over 1,000 Google Reviews help demonstrate the popularity and reputation of this neighborhood gem. Located in the center of Broward County, the restaurant is surrounded by a very dense make up of residents and businesses. The leasing vacancy of the area is only 3%, demonstrating very strong demand and success for small business. Seller financing is available to qualified candidates. Please contact us for more information.


DETAILED INFORMATION
Location
Fort Lauderdale, FL
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
3,500
Employees
20
Facilities
3,500 square feet that seats up to 90 guests comfortably. Double pizza oven, walk-in cooler, Hobart dough mixer, LED signage, brand new POS system, etc.
Competition
Very strong market with very dense population. Central Broward County is booming.
Growth & Expansion
Ownership has not done any advertising or marketing. A new owner can increase sales with a new marketing strategy.
Support & Training
Ownership will provide 2 weeks of training and support.
Reason for Selling
Ownership has other interests.
Report an Issue with this listing
Alejandro C.
Alejandro C.