Italian Restaurant For Sale
www.GlobalBX.com
Listing ID:
700280732
Listing Title:
Italian Restaurant For Sale
Quick Link:
http://www.globalbx.com/listing.asp?bId=280732
Industry:
Food and Beverage
Industry Segment:
Restaurants and Fast Food (Non-Franchise)
Country:
United States
State / Province:
Florida
Area
City:
Hollywood
Asking Price Range:
$250K - $500K
Gross Revenues:
$1,034,250
Cash Flow:
$152,652
Cash Flow Type:
Sellers Discretionary Cash
Year Established:
2013
Number of Employees:
10 - 19
Business Description:
Opened in 2013 and operating for four years, this Profitable Italian Italian Restaurant for sale is ideal and ready for a new owner operator. The business is located on a very busy east/west road that has more than 50,000 vehicles passing by on a daily basis. The area is densely populated with office and retail space. The three mile radius population is 175,000 residents. At the current time this Italian Restuarant for Sale is open for limited hours and services and is still exceeding $1,000,000 in gross revenue and generating $150,000 in earnings for an owner operator.
This Italian restaurant for sale does not offer pizza, but does have a pizza oven, nor does it deliver. Delivery is the largest growth segment in the industry and this type of food is the best and easiest delivery operation to implement. The Italian restaurant for sale offered by the restaurant brokers is also closed on Mondays throughout the year and also on Tuesdays for half the year. Lunch is served on weekdays. Add pizza, delivery,open additional days and hours and watch the sales and profits increase when you take this Italian Restaurant for sale business opportunity.
The business occupies 5,000 square feet and seats 160 guests in its beautifully decorated dining room, private party room, and cocktail area. The restaurant has the 4COP SRX license, which means it can offer beer, wine, and liquor to its guests. The private dining room can easily accommodate private functions up to 40 guests. The upstairs has two rooms for storage and an office. If you agree to confidentiality and provide proof of funds you will be able to view pictures of the granite bar top, beautifully decorated dining room, and private party room. The very low and reasonable rent for all of this is only $4,876 per month including all CAMS and taxes. That is less than $12 a square foot and less than 6% of gross sales. Well below industry standards!
For more information contact Ken Eisenband 561-350-3365
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