Established Italian & Pizza Restaurant

Ocklawaha, FL

Seller Financing Available

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Asking Price:$399,000
Gross Revenue:$679,621
Rent:$1,200/Month
FF&E:$100,000
Cash Flow:$103,176
Inventory:$10,000
EBITDA:$458,356
Established Year:2012
BUSINESS DESCRIPTION

Motivated Sellers!

After 12 years of success, owners are ready to retire! Awesome, Lake Neighborhood pizzeria and Italian restaurant, near Ocala & The Villages with low overhead. Separate entrance for TAKE OUT pizza business generates lots of income! Little competition in area. New owners could add delivery. Main entrance of restaurant offers 60 plus seating in cozy dining room popular for lunch & dinner. During season, there is live entertainment a few nights a week with patrons from Villages, Lake homes and Ocala. This Italian restaurant and pizzeria is ideal for a "family" business especially good for husband & wife team. There are lots of "perks". Fully equipped with approximately $100K of assets. Good landlord, turnkey with beer & wine service. Seller will allow QUALIFIED BUYER to "shadow" business during due diligence. Wonderful opportunity!


DETAILED INFORMATION
Location
Ocklawaha, FL
Inventory
Included in asking price
Real Estate
Leased
Building SF
1,800
Lease Expiration
31/08/2028
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Separate entrance for TAKE OUT pizza business, the main entrance of restaurant offers 60 plus seating in cozy dining room.
Competition
There is very little competition in area.
Financing
$200k down, $199k over 60 mths 7% interest
Support & Training
2 weeks training, free of cost.
Reason for Selling
Retiring
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CONNIE
PENDLETON
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CONNIE PENDLETON