See Similar Listings

Very Profitable Classy Italian Restaurant, Bar and Bakery

Palm Beach County, FL

Seller Financing Available

Exterior bar area
Asking Price:$1,100,000
Gross Revenue:$2,046,000
Rent:$18,800/Month
FF&E:$400,000
Cash Flow:$356,200
Inventory:$20,000
EBITDA:$220,000
Established Year:2007
Listing ID: 2123915Listing provided by BizBuySell
BUSINESS DESCRIPTION

For over 16 years, the owners have served their customers the best Italian meals in all of South Florida. Asking price just lowered $100K + $400K equipment write-offs if closing happens by 12/31/24. This classy yet fun restaurant is a staple in the community, with a particularly strong loyal local customer base. The restaurant offers a casual Italian dining experience for customers, in addition to a fun, large casual outdoor bar and seating area where up to 146 guests can enjoy food and drink. This full-service Italian restaurant can seat up to 90 guests in the main interior dining room and 30 guests in the private room. It has consistently achieved $2.1M in annual revenue and 60% gross profit margins. With 7,000 sq. feet, both the exterior and interior boast classic Italian design and decor.

DETAILED INFORMATION
Location
Palm Beach County, FL
Inventory
Included in asking price
Real Estate
Leased
Building SF
7,000
Lease Expiration
28/02/2037
Employees
23
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The business offers a first-class restaurant. The assets included in this business includes: • A well-trained staff who know how to prepare, serve and clean. • Recipes, menus and other valuable information. • A good lease that includes 7,000 square feet of quality atmosphere. • Booths and tables in a well laid-out space that can seat 296 guests. • 2 pizza ovens, several coolers, and walk-in refrigerator units. • 8 Micros point of sale cash registers/ ordering system. • Well maintained commercial kitchen equipment, detail in separate report More in report
Competition
Outstanding location near luxury homes, golf courses and other high-end retail shops. Very good market, few competitors with a 10 mile radius, continued growth probable.
Growth & Expansion
The new owner can expand hours of operation, market the private room more, and expand marketing to social media platforms beyond Facebook.
Financing
Sellers financing up to 20%, depending on buyer background and offer.
Support & Training
The owner will offer a month of training - 80 hours total. Owner is open to consulting beyond the initial training period. They want the new buyer to be successful and take care of their loyal customers.
Reason for Selling
The sellers would like to relocate and have more time with family.
Report an Issue with this listing
profile-img
James
Hickey
logo-img
Phone Number
James Hickey
Call Phone