Fine Dining Italian Restaurant for Sale

Pompano Beach, FL
Broward County


Asking Price: Annual Revenue:
$199,000 $385,919

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Fine Dining Italian Restaurant for Sale Broker: Ken Eisenband

Quick Facts

Asking Price: $199,000
Annual Revenue: $385,919
Net Profit: Not Disclosed
Cash Flow: $95,517
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2018
Employees: 6
BBN Listing #: 93878096
Broker Reference #: 8185

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Business Overview:

This family owned upscale Italian Restaurant for Sale in Broward County returned $95,000 in first full year of operation with room to grow. Great Location and Lease in place. Sales in 2021 are booming.

Opened in 2018, this profitable Italian Restaurant for sale is ideal and ready for a new owner/operator. The business is located on a busy north/south road that has more than 42,000 vehicles passing by on a daily basis. The area is densely populated with office and retail space. The one-mile radius population is 18,801 residents with an average household income of $69,463. Per 2019 federal Tax Return the seller’s discretionary earnings were $95,517 on $385,919 of revenue. the restaurant saw a decline in business in 2020 due to Covid 19. 2021 has seen sales rebound. With sales of more than $50,000 in March of 2021 the restaurant doubled the sales of March 2020 and were just short of sales in 2019. Sales should return to pre-covid numbers in the very near future. The ability to increase sales and profits are endless. Some thoughts include opening for lunch, adding delivery, adding pizza to the menu. Seller will discuss additional cash flow opportunities in a private meeting.

This Italian restaurant for sale offered by The Restaurant Brokers has limited hours. Opened for business Tuesday thru Sunday for dinner only from 5 pm – 10 pm. The business occupies 1,800 square feet and seats 52 guests in its beautifully decorated dining room. The restaurant has a 2COP beer and wine license. The very low and reasonable rent for all of this is only $3,899 per month including CAMS and taxes.

The fully equipped commercial kitchen has everything you will need to operate and expand this operation. This Italian Restaurant for Sale has a 15-foot exhaust hood, inground grease trap, two six eye burners with stove, 60-quart Hobart dough mixer, 30-quart Hobart mixer, char-broiler, fryer, and more. There is a walk-in cooler, ice machine, and much more commercial refrigeration. The restaurant has an espresso machine, The small wares package includes plate ware, flatware beverage glasses, scales, mixers, etc. and is extensive and all top of the line quality.

The offerings of the menus on this Italian Restaurant for Sale are traditional Sicilian Italian food featuring homemade pastas, bread and desserts. The owner is the chef and was born, raised, and trained in Italy. Two weeks of training is being offered at no cost and all recipes and menus will transfer with sale.

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Property Features and Assets:

13 Tables 52 Seats 3 Barstools 2 Utility Carts 2 Tray Jacks Sandwich Board Neon Open Sign China Cabinet POS Leased Espresso Machine 12 Security Camera System Glass Washer Three Door Boy Cooler Television Pizza Cooler 3 Door Prep Tables 4 Pasta Cooker Six Eye Burner with Stove 2 Char Broiler Fryer Sandwich Cooler Single Door Cooler Slicer 60 Quart Dough Mixer Speed Rack Two Door Standup Freezer Dish machine Lease Kitchen and mixer Three compartment sink Assorted pots pans and utensils 30 quart dough mixer ice machine SS Shelving Walkin Cooler Food Processor Toaster Oven Double Equipment Stand

Market Competition and Expansion:

The homemade pasta, breads, and desserts bring customers from all towns throughout Broward and Palm Beach Counties. The Italian restaurants in the nearby vicinity cannot match the food quality of this little gem.

Reason for Selling:

Retirement

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.

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