Italian Restaurant for Sale in Lauderdale by the Sea - LOCATION

Fort Lauderdale, FL
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Asking Price:$190,000
Gross Revenue:$406,342
Established Year:2013
Cash Flow:$76,489
Rent:$4,400/Month
BUSINESS DESCRIPTION

Italian Restaurant for Sale in Lauderdale by the Sea - LOCATION

Florida Pizza and Italian Italian Restaurant for Sale has it all - Great LOCATION, Attractive LEASE, and Steady PROFITS. Seller nets $76,489 on limited hours. Located near the beach, this Italian Restaurant for Sale attracts locals and tourists. The main industry in town is tourism. The area is littered with many hotels and motels. With a coral reef just 100 yards offshore the area is very popular with scuba divers. The locals and tourists will keep the restaurant busy throughout the year. The restaurant is operated by a Husband-and-Wife team. The husband is a chef and runs the kitchen. The wife runs the front of house. In 2023 the operating team grossed $360,000 in sales. This is a great opportunity for a husband-and-wife team to continue with the current operation or an owner looking to expand hours, employ a larger staff, and begin to deliver to the locals and hotels in the area. The operations sales, and profits can be expanded in a variety of ways. The restaurant offers no delivery options. All revenue is derived from eat-in and pick-up. Increase sales and profits by introducing delivery options. Staff your own delivery drivers or utilize third party delivery services. In addition, the owners of this Italian Resaturant for Sale have opted to enjoy the Florida lifestyle by only being open for dinner six nights per week. We Sell Restaurants Brokers believes the location can easily support lunch business. The ten-year-old restaurant is beautiful. The square footage of the facility is 1,550 inside and the patio is approximately 400 square feet. Forty guests can dine inside and another 16 on the patio. The restaurant sits on a road that leads directly to the beach. The restaurant has excellent visibility from the road. The air conditioner is just a few years old, all equipment has been meticulously maintained, and parking will never be an issue. The current lease on this Italian Resaturant for Sale expires on July 31, 2029. Monthly rent for all of this is only $4,400 including all CAMS and taxes. The fully equipped commercial kitchen of this Italian Resaturant for Sale features and 14-foot exhaust hood, inground grease trap, and all the equipment you will need. There is a double stacked pizza oven, ten eye burner with two stoves, and a fryer. Included in the sale is the dough mixer, pasta maker, refrigeration, dish machine and so much more. The menu features fresh pasta and pizza The menu and all recipes will transfer with sale and the seller of this Italian Resaturant for Sale will remain for two weeks at no additional cost.
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DETAILED INFORMATION
Location
Fort Lauderdale, FL
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
1,550
Lease Expiration
31/07/2029
Employees
3
Facilities
ten tables bench seating televisions 29 chairs 16 outdoor chairs wine cooler 4 outdoor tables 2 refrigerated display case two door stand up cooler POS System freezer chest small wine cooler residential cooler slicer scale espresso machine dough mixer 2 fresh pasta maker three door low boy cooler prep table dish machine three compartment sink ten eye burner with two stoves fryer double stacked pizza oven three drawer pizza cooler microwave utility cart
Competition
Located very close to the beach in an area that attracts tourists throughout the calendar year. Only one other Italian restaurant located in the area.
Growth & Expansion
This restaurant is only open at dinner and offers no delivery options. Open for lunch and engage with third party delivery apps or deliver yourself to increase sales and profits.
Support & Training
Seller will provide two of training at no additional cost
Reason for Selling
Other
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Ken
Eisenband
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Ken Eisenband