Iconic Full Service Italian Pizzeria & Restaurant

West Palm Beach, FL
Palm Beach County


Asking Price: Annual Revenue:
$795,000 $1,598,032

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Iconic Full Service Italian Pizzeria & Restaurant Broker: Randy Bring
License #: SL687673
Owner Financing is Available!
SBA= $636K @ 7.75% for 120 mos= $7633/mo.

Quick Facts

Asking Price: $795,000
Annual Revenue: $1,598,032
Net Profit: $264,114
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $525,000
Real Estate: Not Disclosed
Year Established: 2010
Employees: 23
BBN Listing #: 625630
Broker Reference #: 0101199514

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Business Overview:

Available for acquisition is this iconic full serve Italian pizzeria restaurant and bar in Palm Beach County, FL. Located in the best possible demographic allowing it to capture both the business lunch trade, the after hour bar business (with live music) and all of the surrounding residential communities. Incredibly beautiful build-out with modern open kitchen design, seating for 160+ including alfresco dining and bar. No deliveries being done. Approximately 25% take out, 25% catering, 50% dine in (80/20 food to liquor). Clean tax return records (contact listing broker for multi year income & expense detail), excellent E-2 Visa opportunity. Seller will stay on during training and full transition. Very stable employee staff with very little seasonal turnover. This is an impeccable restaurant that is ready for a new aggressive management team! SBA LENDER PRE-QUALIFIED WITH 20% DOWN! Please refer to listing #0101199514 & ask for Randy Bring when inquiring.

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Property Features and Assets:

4,989 square feet in high-end plaza @ $7658/month.

Market Competition and Expansion:

Unknown/Unlimited

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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