Upscale Italian Restaurant Beachside

Not Disclosed, FL
Volusia County

Asking Price: Annual Revenue:
$499,000 $1,200,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Upscale Italian Restaurant Beachside Broker: Tom Lenzini
Owner Financing is Available!
Loan/Seller- Amt: $249,000 Mos: 60 Rate: 5.00 Mo Pmt: $4,698.94

Quick Facts

Asking Price: $499,000
Annual Revenue: $1,200,000
Net Profit: Not Disclosed
Cash Flow: $220,000
Total Debt: Not Disclosed
FF&E: $85,000
Real Estate: Not Disclosed
Year Established: 2007
Employees: 10
BBN Listing #: 7611630
Broker Reference #: 2301519026

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Business Overview:

14 year Established Fine Dining 4 and 5 star rated Italian Restaurant located Across the Street from the beach and nice Hotels in Daytona Beach. Known for its excellent Italian Cuisine. Beautiful inside setting with full bar, main dining room, separate large party room, and casual relaxed outside seating area set up for live entertainment. A new outside raw bar also was just added. Not only does the location draw the many tourists that visit the area and return to eat at the restaurant, but also a loyal following of local diners. The owner is moving and willing to carry a note for the experienced buyer. Great chance to own a very nice restaurant and bar with owner financing. Please refer to listing #2301519026 and ask for Tom Lenzini when inquiring, Thank you!

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Property Features and Assets:

Lease/Month: $5,000; Square Footage: 2,400; Building: Free Standing; Expiration: 4/1/2022.

Reason for Selling:

Owner Moving.

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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