Italian Restaurant

Not Disclosed, FL
Pinellas County


Asking Price: Annual Revenue:
$3,500,000 $3,147,308

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Italian Restaurant Broker: Lonnie Veasley

Quick Facts

Asking Price: $3,500,000
Annual Revenue: $3,147,308
Net Profit: Not Disclosed
Cash Flow: $912,032
Total Debt: Not Disclosed
FF&E: $250,000
Real Estate: $1,500,000
Year Established: 2004
Employees: 30
BBN Listing #: 4234955
Broker Reference #: 1001-16469

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Business Overview:

Semi absentee run Italian Restaurant in an affluent area in the Tampa Bay area. Well established and well known for many years. Real Estate is included in the purchase price. Lender pre-qualified due to very clean books and records.

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Property Features and Assets:

Standalone building in an upscale area. Assets = $1,830,000.

Market Competition and Expansion:

Not many high end Italian restaurant in the Tampa Bay area. Room to expand the bar and extend the hours to lunch as the business is only open form 5pm to 10pm.

Reason for Selling:

Retirement.

Additional Details:

  • The property is owned.
  • 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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