Profitable Italian Restaurant with Full Liquor License For Sale

Business Description:

Profitable Italian Restaurant/Pizzeria with full liquor license and absentee ownership. Operating since 2007 in same location. Solid long-term lease in place with restaurant exclusivity. Over $150K recently spent on expansion and renovation. Seats 80 inside, 25 outside, and separate bar area. About 60% of overall sales carry-out or delivery. Fully trained staff in place including management. Please note that name is not included in the sale due to other company-owned location. Not suitable for SBA-financing. Seller prefers cash buyers with restaurant experience only. Nondisclosure form is required.

Asking Price:

$

350,000.00

Gross Revenue:

$

912,703.00

Cash Flow:

$

171,535.00

Downpayment:

$

350,000.00

FF&E (Included):

150000

Inventory:

10000

Financing:

No

Business Location:

Palm Beach County

Support/Training Comments:

30 days

Financing Comments:

Reason For Sale:

retirement

Home Based:

No

Year Established:

2007

Franchise:

No

Year Aquired:

Willing To Train:

Yes

Relocate:

No

Required Licenses:

Real Estate Asking:

Days Open:

7

Full Time Employees:

6

Hours Open:

11am-9pm

Part Time Employees:

6

Contact Us

Name(Required)

Profitable Italian Restaurant with Full Liquor License For Sale

Business Description:

Profitable Italian Restaurant/Pizzeria with full liquor license and absentee ownership. Operating since 2007 in same location. Solid long-term lease in place with restaurant exclusivity. Over $150K recently spent on expansion and renovation. Seats 80 inside, 25 outside, and separate bar area. About 60% of overall sales carry-out or delivery. Fully trained staff in place including management. Please note that name is not included in the sale due to other company-owned location. Not suitable for SBA-financing. Seller prefers cash buyers with restaurant experience only. Nondisclosure form is required.
Gross Revenue: 

$

912,703.00
Cash Flow: 

$

171,535.00
Downpayment: 

$

350,000.00
FF&E (Included) :

$

150000
Inventory: 
10000
Financing: 
No
Business Location: 
Palm Beach County
Support/Training Comments: 
30 days
Financing Comments:  

Reason For Sale:

retirement
Home Based:  
No
Year Established:  
2007
Franchise:  
No
Year Aquired:  
Willing To Train:  
Yes
Relocate:  
No
Required Licenses:  
Real Estate Asking:  
Days Open:  
7
Full Time Employees:  
6
Hours Open:  
11am-9pm
Part Time Employees:  
6

Contact Us