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
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