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Italian Restaurant / Caffe

Palm Beach County, FL
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Asking Price:$640,000
Gross Revenue:$790,159
FF&E:$47,500
Cash Flow:$415,703
Inventory:$2,500
Established Year:2010
Listing ID: 2291838Listing provided by BizBuySell
BUSINESS DESCRIPTION

Extremely profitable, Italian Restaurant serving this exclusive Palm Beach County community. Great opportunity for an experienced chef to live their dream and own their own restaurant, or an existing restaurant group to expand their footprint. The demographics support this quaint, neighborhood gem and excellent on-line reviews, 4.7 stars on Open Table, provide word of mouth advertising. Prime time reservations typically sold out a year in advance. Very clean books kept by CPA. 2023 owner benefit of $415K+. Jump in 2023 SDE a result of pass-thru of CC fees. Open Tuesday - Saturday 5pm - 10pm. Seats 32 with addition outdoor seating possible. Approximately 1,200 square foot facility with lease expiring June 2025. Landlord is open to extended lease terms. Fully equipped with recent upgrades as owner motivated to see new owner succeed. All buyers must financially qualify prior to name and executive summary being released.

DETAILED INFORMATION
Location
Palm Beach County, FL
Inventory
Included in asking price
Real Estate
Leased
Building SF
1,200
Employees
7
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Leased facility located in a commercial strip center surrounded by a mix of retail and commercial businesses. This locals favorite is located within walking distance from upscale residential communities. Many recent equipment upgrades, including AC, reduce buyer's risks.
Competition
Restaurant has a very loyal, local customer base. Restaurant is open 5 - 10pm Tuesday through Saturday and the 6pm - 8pm reservation slots are typically booked a year in advance. The owner keeps it simple with a basic menu made to order with always fresh ingredients. Restaurant also does private parties and catering.
Growth & Expansion
Opportunity to grow revenue with additional hours, Restaurant is open Tuesday through Saturday from 5pm - 10pm. Owner typically closes for the months of August and September to return to his birthplace in Italy to recharge and explore new dishes. Opening for lunch also offers opportunity to grow revenue.
Financing
Lender pre-screened with $64K down.
Support & Training
Will train for 3 weeks @ $0 cost.
Reason for Selling
Retirement.
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Todd
Zielinski
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Todd Zielinski
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