Business for Sale Overview:
This restaurant/bar operates in a popular business center on US 19N. The food is cooked to order by the owner who is originally from Italy. Only the freshest ingredients and spices are used to create quality cuisine. The restaurant/bar’s 2009 annualized earnings are $21,078. The menu offers a wide selection consisting of sautéed dishes, salads, seafood, veal and chicken. The restaurant provides free Wi-Fi to customers and offers nightly entertainment services provided by a DJ Sunday-Thursday. Live music and dancing is available on weekends and draws crowds from the local neighborhoods and hotels. The owner has previously operated restaurants in the Tampa Bay area before opening this prime location in early 2007. The business is close to Tarpon Springs which attracts tourists who enjoy the food and dancing. The business was designed with separate the bar and dining area in order to accommodate customers who want to play games, or watch the numerous TV’s without disturbing the guests who are dining. This is an outstanding opportunity for a buyer who can develop this successful top-rated restaurant, expanding and building brand awareness through extensive advertising means.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
Assets: Owner estimates the market value of all equipment to be $120,000. A complete FF&E list is available to a qualified buyer who has signed a confidentiality non-disclosure agreement with Business Ventures of Tampa Bay Inc.
Lease: The restaurant/bar is located in a busy shopping center on a major highway in the Tampa Bay area. The 4,750 square feet facility is leased.
Market Competition and Expansion:
The business has not done any form of advertising since 2008. In 2008 the business advertised in the local area newspaper. Additional advertising south to Clearwater and north to Newport Richey could increase potential market size and attract more customers from those areas. Currently customers come from a 10 mile radius.
Making use of an innovative website with search engine optimization and social media marketing could increase awareness on the internet nationwide attracting more tourists to the restaurant/bar October-April and local area customers increasing revenues and earnings potential of the business.
Reason for Selling:
Due to health issues the owner needs to move out o
Additional Details:
- The property is leased.
- The owner is willing to train/assist 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.