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Business For Sale
FINE ITALIAN RESTAURANT
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Asking Price: |
$900,000
USD USA Dollars
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Business for Sale Industry: |
Food & Beverage: Restaurants, Fast Food, Deli
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Reason for Selling:
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Retirement |
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Year Established:
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1986 |
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# of Employees:
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40 |
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Yearly Revenues:
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$2,500,000 |
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Yearly Cash Flow:
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$500,002 |
Business for Sale Overview:
The finest Italian Restaurant and Pizzeria in Central Palm Beach County with 195 seats, full staff and management in place, run owner absentee except for the books. Great location, surrounded by thousands of single family homes, established for 22 years and the owner is now ready to retire. Only $600,000 down, the buyer must be pre-qualified and have restaurant ownership experience. Excellent books and records, 2007 is estimated and 2006 is based solely on the corporate return.
Property Features and Assets:
$8,693.42 per month in 4,400 square feet.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner is not willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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