Busy Italian Restaurant with Seller Financing

Not Disclosed, FL
St. Lucie County


Asking Price: Annual Revenue:
$432,500 $825,935

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Busy Italian Restaurant with Seller Financing Broker: Bob Leone
Owner Financing is Available!
Seller Loan: $182,500. Mos: 60. Rate: 0%. Mo Pmt: $3,041.74

Quick Facts

Asking Price: $432,500
Annual Revenue: $825,935
Net Profit: Not Disclosed
Cash Flow: $205,895
Total Debt: Not Disclosed
FF&E: $42,500
Real Estate: Not Disclosed
Year Established: 2016
Employees: 14
BBN Listing #: 773611185
Broker Reference #: 170-08490

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Business Overview:

36 Months "NO INTEREST LOAN" with 60-month amortization! That says it all - this seller is 100% confident that he will finance the balance with no interest for 36 months, WOW!

With over 25 years of experience, this chef took a failing Italian Restaurant and turned it into an all-time winner. In just over 7 years, the owners have captured the heart and trust of the local community. This 1950 sq. ft gem seats 45 inside and anywhere from 10-20 on the patio. Highly visible location at one of the busiest intersections in town. All newly replaced walk-in components, evaporator and condensing units, new hood system, and a newly remodeled dining room. The plaza is undergoing a complete makeover, and there is plenty of parking. They have gotten to the place everyone strives to get to in this business; they run it 90% absentee. A husband-and-wife team could run it as is or take over some of the paid positions and make even more. All buyers must present a PFS and BIO/Resume to attain additional information. Possible owner financing available to qualified buyers. Seller financing is based on a 5-year amortization with a 3-year balloon, trying to keep the payment down for the first few years.

This June they are now closed Mon & Tuesday with no effect to net income.

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Property Features and Assets:

Inventory: $3,000 (included in the asking price). Lease/Month: $4,207. Square Footage: 1,950. Building Type: Huge Strip Plaza. Terms & Options: Negotiable. Expiration Date: 5/31/2022. Leasehold: $25,000.

Reason for Selling:

Retirement

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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