Established Central FL Restaurant-Real Estate Available!

Florida

Asking Price:	$1,950,000
Gross Revenue:	$3,373,000
FF&E:	$400,000

Cash Flow:	$570,000
Inventory:	$45,000
Established Year:	1987

Listing ID: 2077390Listing provided by BizBuySell

BUSINESS DESCRIPTION

The owner of this profitable Central Florida restaurant is ready to pass the torch and retire. If desired, the property is available at additional cost. The restaurant's 4COP-SFS liquor license will transfer to the new owner at sale. Additional revenue streams include bakery sales, take-out, banquet service and catering. Six key employees (no relatives) with tenure ranging from 7 to 30 years will make for a smooth transition!

The restaurant has a loyal clientele and they've been a fixture in the area for more than 40 years. The building has been remodeled inside and out in the last ten years, including the kitchen and all new FF&E. The quality of the interior furniture, fixtures and equipment would be costly to reproduce at today's construction prices.

The business is in an area of suburban sprawl that is just taking off with 5,000 new homes underway in the immediate area. This provides significant upside for continued revenue growth and opportunity with the additional real estate. The restaurant is presently closed one day a week and could be operated seven days a week to increase revenues.

The 2.5 acres of real estate optional with the business include a commercial building that may be leased for additional income and a vacant commercial lot with frontage on a busy roadway. The vacant commercial lot could be developed by a buyer for lease income or sold off.

Contact Kori Billings with Bridgewater Commercial at 813-997-3341 to discuss this unique opportunity further!

ATTACHED DOCUMENTS

Italian Restaurant Intro Brochure.pdf Download

DETAILED INFORMATION

Location

Florida

Inventory

Included in asking price

Real Estate

Owned

Building SF

7,000

Employees

Furnitures, Fixture & Equipment(FF&E)

Included in Asking Price

Facilities

The dining area is approximately 2,500 SF and includes a bar, banquet room with storage, large covered outdoor dining area, first-class commercial kitchen, walk-in freezer, walk-in cooler, dry storage and business office. Two catering trucks are included in the sale. The property has a large parking lot (59 customer spaces + separate lot for employees) and two detached storage buildings. A separate commercial building on the property of approximately 1,300 SF may be leased out for additional income should the real estate be purchased with the business.

Competition

The restaurant has no competition of the same class in the area. Its location near major highways allows quick access from adjacent counties. It is a destination, and for many families and businesses the restaurant is a tradition for the holidays and important events. The surrounding area is undergoing rapid residential development as more people relocate to Florida. The customer base surrounding the restaurant will continue to expand along with the rapid residential and commercial development.

Growth & Expansion

The restaurant could be opened the one day a week it is closed. The available real estate is over 2.5 acres and includes a 0.63 acre vacant commercial parcel with good access. The vacant parcel is mostly clear, level and has great visibility on a heavily trafficked roadway. It could be developed with a retail building for lease income. It could also be parceled off and sold. The additional commercial building on the property could house a related business (wine bar/tasting room, cigar lounge, etc.) or simply leased for additional income.

Financing

This business has 3+ years of verifiable cash flow and is a solid SBA candidate.

Support & Training

The seller/operator will provide 30 days of training to the buyer and is flexible to stay on for a longer period if needed. The restaurant has a solid team in place to assist a new owner. On-going remote support will be available from the seller as long as needed. The seller will provide recipes to the buyer as well.

Reason for Selling

Retirement

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