High-Volume Well-Established Italian Restaurant - Sales Over $1.3M!

Hernando County, FL

Seller Financing Available

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Asking Price:$499,000
Gross Revenue:$1,350,765
Rent:$5,124/Month
Cash Flow:$346,974
Inventory:$10,000
Established Year:1992
BUSINESS DESCRIPTION

Serving a delicious menu of authentic traditional southern Italian dishes from house-made pastas to succulent meats and seafood. As well as mouth-watering specialty pizzas and much more.

Full-service restaurant. Dine-in, takeout and pickup, plus catering. Online ordering also available. Reservations accepted. And a rewards program.

Features a welcoming atmosphere, tasteful décor and comfortable seating arrangements that cater to both intimate dinners and larger gatherings. Offers both indoor and outdoor seating options, the perfect place to enjoy meals inside and out. Also, features a fully equipped kitchen including a pizza oven.

Well established over 32 years. And with the current owner 7 years. Independent - no royalty, advertising or transfer fees. Absentee owned and operated - turnkey!

Prime corner retail space in a busy retail center on a main thoroughfare near local businesses, rneighborhoods and schools. Boasts high visibility, easy access and ample parking, plus a steady stream foot and vehicle traffic.

Perfectly situated in the heart of one of the larger communities in Hernando County that still maintains its small-town charm and welcoming atmosphere. A flourishing, unincorporated suburb nestled about 50 miles N of Tampa and approximately 45 miles SW of Ocala, that offers both the tranquility of suburban living and the convenience of nearby urban amenities.

Also includes several state parks and is a haven for golf enthusiasts, with numerous lush, green golf courses. Plus, it is home to several top-notch medical facilities.

Its local economy is thriving, driven by a mix of retail, education/service industries and healthcare. And its proximity to larger cities like Tampa also makes it convenient for residents who commute for work while enjoying the peacefulness of suburban life.

Overall, a city that is a picture of tranquility and growth. It offers the perfect balance of serene residential living with recreational opportunities and access to modern amenities, plus a close-knit community feel. It’s a place where natural beauty meets contemporary convenience, making it an ideal spot to live, work and play!

Feel free to stop by the location as a customer 1st. This is a HIGHLY confidential listing, please DO NOT talk to any of the owners, employees or patrons. If interested, contact EatZ for more information. Showings by appointment only outside of business hours.

Listed By Theo Theodosiadis at EatZ & Associates


DETAILED INFORMATION
Location
Hernando County, FL
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
4,000
Lease Expiration
28/02/2025
Employees
17
Facilities
Year Established: 1992 (Current Owner 2017). Lease Information: Leased space $5,124/mth gross. Current lease expires Feb 2025 with three 5-year options. Square Feet: 2,500 Indoor + 1,500 Sqft of Outdoor Space. Seating: 60 Inside & 60 Outside. Days/Hrs of Operation: Mo-Th 4p-9p, Fr-Sa 12n-10p, Su 12n-9p. Owners Role: Passive. # Of Employees: 4 Full-Time & 12-13 Part-Time. Value of FF&E: Included In Asking Price (Valued at $200,000). Value of Inventory: $10,000 (Not Included In Asking Price).
Competition
A culinary gem. The finest and most authentic Italian cuisine/experience. With over 3 decades of successful operation, the restaurant has garnered a stellar reputation for its menu crafted with the freshest quality ingredients and traditional Italian cooking methods. Fantastic house made sauces, dressings and more. Outstanding recipes passed down through generations. Known for its warm ambiance, delectable cuisine and exceptional service!
Growth & Expansion
Local favorite Italian restaurant. Well-regarded. Area gem. Best in Hernando County. A beloved dining establishment. A cornerstone of the local community. A popular destination for food lovers far and wide. Loyal patrons and a growing customer base! Highly rated and recommended, amazing reputation to continue to build upon. And large social media following. Also, the opportunity to host more special events and expand pizza delivery!
Financing
Yes, to a well-qualified buyer with substantial down.
Support & Training
Two weeks on-site comprehensive training.
Reason for Selling
Other investments out-of-state.
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Ted
Theodosiadis
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Ted Theodosiadis