Well Located Italian Restaurant

Not Disclosed, FL
Broward County

Asking Price: Annual Revenue:
$199,000 $565,410

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Well Located Italian Restaurant Broker: Tom Lenzini
Owner Financing is Available!
Loan/Seller - Amount: $99,000; Months: 36; Rate: 5.00% Monthly Payment: $2,967.12

Quick Facts

Asking Price: $199,000
Annual Revenue: $565,410
Net Profit: Not Disclosed
Cash Flow: $87,947
Total Debt: Not Disclosed
FF&E: $85,000
Real Estate: Not Disclosed
Year Established: 2007
Employees: 10
BBN Listing #: 232630
Broker Reference #: 2301866817

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Business Overview:

13 Year Established Fine Dining 4 and 5 star rated Italian Restaurant located Across Street from the beach and nice hotels in Daytona Beach. Known for its excellent Italian Cuisine. Beautiful inside setting with a full bar and casual relaxed outside seating area set up for live entertainment. Not only does this location draw the many tourists that visit the area, but also has a loyal local following. The owner is moving and is willing to carry a note for the experienced buyer. Great chance to own a very nice restaurant for only $100,000 down payment. Please refer to listing 2301866817, business broker Tom Lenzini when you inquire about this listing. Please use email reply button of this ad to contact us.

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Property Features and Assets:

Lease/Month: $5,000; Square Footage: 2,400; Building Type: Stand Alone; Terms & Options: Renewable; Expiration Date: 4/1/2020.

Market Competition and Expansion:

Non Compete : Miles: 20 Years: 2

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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