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Very Profitable Italian Restaurant & Successful Indoor / Outdoor Bar



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For 18 years, the owners have served their customers the best Italian meals in all of South Florida. This Italian restaurant is a staple in the community with a strong loyal local customer base. The restaurant offers a casual Italian dining experience for customers, in addition to a large casual outdoor bar and seating area where up to 146 guests can enjoy food and drink. This full-service Italian restaurant can spaciously seat up to 90 guests in the main interior dining room and 30 guests in the private room. It has achieved $2.1 in annual revenue and 60% gross profit margins. With 7000 sq. feet, both the exterior and interior boasts classic Italian design and decor. This restaurant location is in an excellent location in a large, elegant restaurant shopping village.

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Listed By: Omar Kettani

Background information

Reference:

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Year established:

2007

Reason selling:

The sellers have to relocate so they retire their parents from their businesses

Finance

Sales:

$2,046,000

EBITDA:

$356,200

Operations

Employees:

21

Equipment:

Included in asking price $420,000

Inventory:

Included in asking price

Premises

Facility:

The business offers a first-class restaurant. The assets included in this business includes: • A well-trained staff who know how to prepare, serve and clean. • Recipes, menus and other valuable information. • A good lease that includes 7,000 square feet of quality atmosphere. • Booths and tables in a well laid-out space that can seat 296 guests. • 2 pizza ovens, several coolers, and walk-in refrigerator units. • 8 Micros point of sale cash registers/ ordering system. • Commercial kitchen equipment

Rent and lease terms:

$18,800 per Month

Location:

Palm Beach Gardens, FL

Opportunities

Growth:

The new owner can expand on outside catering and private parties. They can expand marketing to social media platforms beyond Facebook. They can also expand on the indoor bar and create an extension either indoors or outdoors to generate even more revenue.

Price and terms

Price:

$995,000

Training:

The owner will offer a month of training - 80 hours total. Owner is open to consulting beyond the initial training period. They want the new buyer to be successful and take care of their loyal customers.