Italian Restaurant for Sale in Palm Beach County

Wellington, FL
Palm Beach County


Asking Price: Annual Revenue:
$249,000 $1,222,044

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Italian Restaurant for Sale in Palm Beach County Broker: Ken Eisenband
License #: BK3249847
Owner Financing is Available!
67%

Quick Facts

Asking Price: $249,000
Annual Revenue: $1,222,044
Net Profit: Not Disclosed
Cash Flow: $150,234
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2015
Employees: 30
BBN Listing #: 48458096
Broker Reference #: 6966

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Business Overview:

Pizzeria and Italian Restaurant for sale in Wellington, Florida is has been operating profitably since inception four years ago. With Net Revenues in excess of $1.2 Million and Seller’s Discretionary Earnings of $150,000! Seller Financing with 67% Down!

The best of the best, this Italian Restaurant for sale features the coveted 4COP SFS license. This allows the restaurant to sell Liquor, Beer, and Wine. The bar area and dining room are separated by the hostess area. The hostess area connects directly to the pizza station for easy access for pick-up and delivery business.

The distinction between the dining room and the bar allows the busy bar to feature many events. Perfectly set up for viewing sporting events, live entertainment, and more allows this area to add revenue to the operation but does not interfere with the cozy atmosphere of the dining room. The dining room is set up with a mixture of booths and tables. Many of the tables can be opened up to accommodate six guests.

Brought to you by We Sell Restaurants, This Italian restaurant for sale is housed in a busy shopping center in Wellington, Florida. Anchored by a national big-box retailer, with other successful restaurants, retail, and service providers, the shopping center draws thousands of customers to the plaza. The restaurant is on the endcap with 4,550 square feet of space inside and 500 square feet on the patio. The restaurant seats 175 guests inside and 50 guests on the patio.

Three-mile radius population is more than 50,000 residents with an average household income in excess of $100,000. More than 89,000 vehicles pass the shopping center daily. The very low monthly rent is $10,592 including all CAMS and taxes. The long-term lease expires in December of 2020 and there is a five-year option attached.

The fully equipped commercial kitchen has been designed for high volume. The exhaust hood is 16 feet long and the pizza hood is separate. This Italian restaurant for sale also features 16 eyes of burner space for sauteing, a char-broiler, two fryers, pasta cooker, double-stacked convection oven, and double stacked pizza oven. The dough mixer is a 60-quart Hobart machine, there is a walk-in cooler, walk-in freezer, and another dedicated walk-in for kegs of beer. All refrigeration is commercial grade.

The menu has it all! With features like 16 specialty pizzas and more than 16 fresh toppings to choose from, all cravings can be satisfied. The Italian menu has all of your favorite pasta dishes along with chicken, veal and shrimp. Appetizers, Paninis, Heroes, and Desserts are also offered. All recipes will transfer with the sale of this Italian restaurant for sale, and the owner will remain for two weeks of training.

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Property Features and Assets:

POS system 8 televisions 25 tables 8 booths with tables 123 chairs 3 highchairs 6 booster seats refrigerated display case 13 bar stools three glass door low boy cooler mug chiller 12 beer taps 2 ice wells walk in beer cooler three door low boy cooler proofer ice machine 2 spice bins slicer 60 quart hobart mixer two door beverage cooler s s shelving 6 prep tables walk in cooler walk in freezer three compartment sink pasta cooker 10 eye burner with 2 stoves six eye burner with stove char broiler 2 fryers double stacked convection oven two door low boy cooler single door pizza cooler four hotel pan electric steam table two door sandwich cooler glass door stand up cooler speed rack 2 two door pizza coolers double stacked pizza oven

Market Competition and Expansion:

Wellington is one of the best places to live in the state of Florida. Average house hold income in three mile radius is more than $100,000. Good food and good service will equate to good profits in this area.

Reason for Selling:

Personal

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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