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Well Established Italian Restaurant

Indian River County, FL
Asking Price:$1,250,000
Gross Revenue:$1,413,799
Rent:$7,483.18/Month
Established Year:1984
Cash Flow:$517,245
Inventory:$20,000
FF&E:$450,000
Listing ID: 2223707Listing provided by BizBuySell
BUSINESS DESCRIPTION

Incredible location in Historic Riverfront District Loyal following

An established full service restaurant business for over 40 years. Serving delectable authentic Italian dinner entrees, pastas & pizzas along with deli-style subs, beer & wine. Boasting an acclaimed 4.4 stars with 1,160 reviews on Google and 4.6 stars with 2,800 votes on DoorDash. Located in the heart of Historic Riverfront District with inviting interior and cozy seating. Family owned and operated for over 40 years. Traffic count 22,000 cars/day. Located in a Retail Plaza with 48 parking spaces and 10,000 sf adjacent lot for additional parking. Public on-street parking available. Situated on busy main street with easy access from 3 road frontages in area with a variety of boutique shops, restaurants, bars, resorts, and cafes making it a popular destination for shopping and dining. The area hosts a variety of festivals and events throughout the year. Dine in, carry out, pickup and 3rd party delivery with online ordering available. Includes all kitchen equipment, dining furniture and fixtures. Seller's discretionary earnings are $517,245 on Gross Receipts of $1,413,799. Feel free to stop by as a customer. HIGHLY CONFIDENTIAL LISTING. PLEASE DO NOT TALK TO OWNERS, EMPLOYEES, OR PATRONS. SHOWINGS BY APPOINTMENT ONLY. Please contact Terry Torres at 772-473-7685 or terrytorres@birdrealty.com to schedule showing or additional information. Full financial information is available to qualified buyers.

ATTACHED DOCUMENTS
Flyer - Established Italian Restaurant.pdf.pdf Download
DETAILED INFORMATION
Location
Indian River County, FL
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
2,800
Lease Expiration
31/12/2024
Employees
10
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Leased space is $7,483/month. Facility has seating for 108. Seller is offering a new 5-year lease with 5-year renewal options. Restaurant occupies 2,800 SF. Open Friday's and Saturday's 11:00 AM-9:00 PM, and Monday through Thursday from 11:00 AM-9:00 PM. Closed on Sunday. Restaurant is owner/family operated. All FF&E included in sale. Inventory is not included in asking price.
Competition
Serving authentic Italian Cuisine with phenomenal original family recipes featuring delicious home made bread, sauces and dressings. Known for their fabulous service and strong reputation for delectable cuisine with a strong loyal following.
Growth & Expansion
One of the best Italian Restaurants in the area. Many regular repeat patrons. Highly rated and recommended. Well documented financial history.
Financing
None
Support & Training
Will train new owners. If new owners require extensive training current owner will provide training and bill on a weekly basis.
Reason for Selling
Retiring
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Terry TTorres
Phone Number
Terry T Torres
Call Phone