Growing Italian Restaurant In Booming Area
Not Disclosed, FL Palm Beach County
Palm Beach County
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- RE: Growing Italian Restaurant In Booming Area
- Contact: Martin Berliant
Quick Facts
| Asking Price: | $795,000 | |
| Annual Revenue: | $1,195,876 | |
| Net Profit: | $223,388 | |
| Cash Flow: | $223,388 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $220,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2019 | |
| Employees: | 14 | |
| BBN Listing #: | 540429831 | |
| Broker Reference #: | Not Disclosed |
Business Overview:
Premiere 72 seat Italian restaurant with incredible lease through 2039 in booming area of Western Palm Beach County. Tens of thousands of new residences are being constructed within very close proximity. Seller is mostly absentee and moving for family reasons. Completely updated and modern kitchen with 12’ hood. Restaurant also has separate bar area with seating. Delivery and carry-out each constitute about a third of total sales; pizza is 40% of total sales. Advertised financials assumes an active owner replaces $50K/year of annual payroll. Rent is just 5% of total sales! Please contact Martin Berliant using reply to this ad button for more information. Nondisclosure form is required.
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Reason for Selling:
Moving for family reasons.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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