Business For Sale

Price Reduction, Reputable Italian Restaurant

Not Disclosed, FL
Brevard County


Asking Price: Annual Revenue:
$295,000 $498,930

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Price Reduction, Reputable Italian Restaurant Broker: Bradley Carpenter
License #: BK 651000

Quick Facts

Asking Price: $295,000
Annual Revenue: $498,930
Net Profit: $36,257
Cash Flow: $46,438
Total Debt: Not Disclosed
FF&E: $175,220
Real Estate: Not Disclosed
Year Established: 1988
Employees: 7
BBN Listing #: 756845422
Broker Reference #: 40902132

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Business Overview:

Fine dining Italian Restaurant established on Brevard County beachside for over 29 years. Original owner is ready to retire with Restaurant currently only opened for dinners (Tues-Sat) and closed 100 days/Yr. NO LUNCHES OR SUNDAY service.

Free standing 7,388 SF building located on major corridor to Mainland, only 1-block from Atlantic Ocean, available for purchase ($1.75MM) or lease. Indoor seating capacity rated at 220 includes full liquor bar, outdoor seating separate banquet and dining rooms. Fully renovated in 2007 and includes adjoining 800 SF owners apartment.

Restaurant over the Years has earned excellent reputation, however, owner's retirement mode has set limited hours of operation. Seeking experienced operator who appreciates scalability potential of this business. Current restaurant operation is not even close to its historical performance or potential. This is a Unique Opportunity that is worth reviewing. !!!

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Property Features and Assets:

Property is located on major corridor with nearly 10% population growth within 5-mile radius over the past 5 years. Full turn-key restaurant includes all major fixtures and equipment. Business is very scalable given size and features.

Market Competition and Expansion:

Given limited operating hours and days, there is little to no advertising undertaken, especially towards area banquet and business needs. Has loyal clientele and is considered one of the best fine dining Italian restaurants along Space Coast. Business needs dedicated and experienced operator.

Reason for Selling:

Retiring

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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