Business For Sale

Italian Restaurant for Sale Ft Lauderdale

Oakland Park, FL
Broward County


Asking Price: Annual Revenue:
$140,000 Not Disclosed

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Italian Restaurant for Sale Ft Lauderdale Broker: Ken Eisenband
License #: BK3249847

Quick Facts

Asking Price: $140,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: $69,791
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2011
Employees: 10
BBN Listing #: 21458096
Broker Reference #: 6382

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Business Overview:

Fort Lauderdale Italian Restaurant for Sale with extremely low operating costs is very profitable - Owner will take home six figures! Excellent reviews, location, and lease make this a home run. Utilities included in rent!

The Italian restaurant for sale, offered by the Restaurant Brokers, has had its operating hours cut in half due to health issues. Currently only open for dinner Tuesday through Saturday. The new owner will need to open up Monday through Friday for limited breakfast, lunch, and dinner. The Italian restaurant for sale services much more than just the office building! With two entrances, one from the lobby of office building and one to the outside directly on main road, the office Italian restaurant for sale does excellent sales at dinner. Gross sales in 2016 were in excess of $550,000 and more than $510,000 in 2017, with reduced hours. Net income in 2016 was more than $115,000 and almost $70,000 in 2017! The reduced hours of operation and the owner’s reduction in work schedule, effected net profits greatly. The online reviews for this Italian restaurant for sale have been excellent for the six years of open operation.

This Italian restaurant for sale has visibility to a main highway that runs north and south through Broward County. The daily traffic count in front of this Italian restaurant for sale exceeds 46,000 vehicles per day! The 1,200 square foot Italian restaurant for sale is located on the ground floor of a six-story office building that is home to doctors, attorneys, financial planners, and other professionals. The front of house is decorated beautifully, and guests are made to feel very comfortable in the 50-seat dining room and 20 seat patio The Italian restaurant for sale can accommodate the office building tenants and also the dedicated customers of the business. Parking will never be a problem as a free parking lot has ample space for all of your customers! The very low monthly rent of less than $3,000, includes utilities!

The fully equipped commercial kitchen in this Italian restaurant for sale includes a six-foot exhaust hood, convection oven, induction burners, commercial refrigeration, and much more. The business works on electricity, but since the landlord pays utilities this is not an issue. Some of the equipment is supplied to the tenant, by the landlord through the lease. Quite a deal! Lunch service is more casual than dinner as the dining room is transformed to fine dining in the evening, with the addition of table cloths and dimming of lights.

Separate menus for breakfast, lunch, dinner, and catering will all transfer with this sale and the chef/owner will train for two weeks at no cost. The lunch and dinner menus at this Italian restaurant for sale features classic northern Italian Panini, pastas, and salads. The 2COP beer and wine license allows the business to pair great wines with menu offerings! As this business is located in an office building, a simple breakfast menu offers the building tenants a great morning meal Tuesday thru Friday starting at 9 AM. This is great opportunity to purchase a successful Italian restaurant for sale with a six figure income and low operating costs!

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

4 hightop outdoor tables, 16 stools outdoor, 6 chairs, 3 indoor hightop tables, 9 tables, 20 chairs, 3 chalk boards, television, two door low boy cooler, POS system, three door low boy cooler, prep table, two door low boy cooler, mixer, three door sandwich cooler, 2 prep tables, 2 table top fryers, 3 induction burners, six foot hood, dish machine, s/s sheloving, freezer chest EQUIPMENT OWNED BY LANDLORD 2 outdoor round tables, 6 high top stools 2 indoor tables, 20 indoor chairs, espresso machine, espresso grinder, ice machine, two door sandwich cooler, syand up cooler, convection oven, slicer, single door sandwich cooler

Market Competition and Expansion:

Due to serious health concerns this restaurant has reduced hours by more than 50%. Landlord will require new owner to increase hours to lease required hours of breakfast and lunch.

Reason for Selling:

Health

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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