Italian Restaurant in Booming Area for Sale

Business Description:

Premiere 72 seat Italian restaurant with incredible lease through 2039 in booming area of Western Palm Beach County. Tens of thousands of new residences are being constructed within very close proximity. Seller is mostly absentee and moving for family reasons. Completely updated and modern kitchen with 12’ hood. Restaurant also has separate bar area with seating. Delivery and carry-out each constitute about a third of total sales; pizza is 40% of total sales. Advertised financials assumes an active owner replaces $50K/year of annual payroll. Rent is just 5% of total sales! Please contact Martin Berliant at 561-827-1181 or email for more information. Nondisclosure form is required.

Asking Price:

$

795,000.00

Gross Revenue:

$

1,195,876.00

Cash Flow:

$

223,388.00

Downpayment:

$

825,000.00

FF&E (Included):

220000

Inventory:

10000

Financing:

Yes

Business Location:

Palm Beach County

Support/Training Comments:

two weeks

Financing Comments:

Reason For Sale:

moving out of state for family reasons

Home Based:

No

Year Established:

2019

Franchise:

No

Year Aquired:

Willing To Train:

Yes

Relocate:

Yes

Required Licenses:

Beer and Wine

Real Estate Asking:

Days Open:

6

Full Time Employees:

14

Hours Open:

varies

Part Time Employees:

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Italian Restaurant in Booming Area for Sale

Business Description:

Premiere 72 seat Italian restaurant with incredible lease through 2039 in booming area of Western Palm Beach County. Tens of thousands of new residences are being constructed within very close proximity. Seller is mostly absentee and moving for family reasons. Completely updated and modern kitchen with 12’ hood. Restaurant also has separate bar area with seating. Delivery and carry-out each constitute about a third of total sales; pizza is 40% of total sales. Advertised financials assumes an active owner replaces $50K/year of annual payroll. Rent is just 5% of total sales! Please contact Martin Berliant at 561-827-1181 or email for more information. Nondisclosure form is required.
Gross Revenue: 

$

1,195,876.00
Cash Flow: 

$

223,388.00
Downpayment: 

$

825,000.00
FF&E (Included) :

$

220000
Inventory: 
10000
Financing: 
Yes
Business Location: 
Palm Beach County
Support/Training Comments: 
two weeks
Financing Comments:  

Reason For Sale:

moving out of state for family reasons
Home Based:  
No
Year Established:  
2019
Franchise:  
No
Year Aquired:  
Willing To Train:  
Yes
Relocate:  
Yes
Required Licenses:  
Beer and Wine
Real Estate Asking:  
Days Open:  
6
Full Time Employees:  
14
Hours Open:  
varies
Part Time Employees:  

Contact Us