Italian Restaurant For Sale In Florida Nets $161K

Business Overview:

Profitable Italian Restaurant for Sale in Pompano Beach has excellent online reviews, financing available and sellers netted $161,000 in 2022. Sales were up 18% in 2022. Call today to discuss this unbeatable opportunity. The Pompano Beach Italian Restaurant for Sale has been profitable since opening its doors in 2019. Sales in 2022 were in excess of $565,000 with a return to sellers of more than $160,000. In 2021 the net to owner/operator was more than $150,000 with $480,000 in gross sales. In 2019 the seller's discretionary earnings were $95,517 on $385,919 of revenue. The restaurant is operated by a husband-and-wife team. The wife is a trained chef from Italy and the husband manages the front of house and handles administrative responsibilities. If needed, the wife will sign an employment contract for up to one year to continue running the kitchen. A new owner who takes over front of house and administrative responsibilities and keeps the chef in place would have netted more than $100,000 in 2022. 2023 has continued the trend of sales increases. The restaurant has done ZERO advertising, word of mouth and excellent online reviews are the drivers of sales increases. The sales and profits have been achieved with limited hours. Only opened five nights per week the opportunity to expand sales and profits are endless. Some thoughts include opening for lunch, adding delivery, adding pizza to the menu. The restaurant 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. This Italian Restaurant for Sale offered by The Restaurant Brokers has limited hours and is opened for business Tuesday through Saturday for dinner from 5 pm - 10 pm. The business occupies 1,800 square feet and seats 48 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 $5,450 per month including CAMS and taxes. The lease expires on November 30, 2022 and there is one five year option attached. 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, eight eye burner with oven, 60-quart Hobart dough 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 Italian dishes from various Italian regions featuring homemade pastas, bread and desserts. One of the owners 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. If needed the chef/owner will sign an employment contract for up to one year to continue working at the store. The sale of the restaurant is due to the retirement of one of the owners. By providing your phone number to We Sell Restaurants, you are agreeing to receive text notifications.

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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 Eight Eye Burner with oven 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 ice machine SS Shelving Walkin Cooler Food Processor Toaster Oven Double Equipment Stand Single door stand up freezer microwave

Market Competition and Expansion:

Florida population continues to explode. This restaurant continues to show positive sales growth over previous year.

Reason for Selling:

Retirement

Additional Details:

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