Business For Sale

Italian Restaurant with Full Bar

Jacksonville, FL
Duval County

Jacksonville area

Asking Price: Annual Revenue:
$380,000 $1,033,692

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Italian Restaurant with Full Bar Broker: Andrew Thornock
Owner Financing is Available!
$200,000 down/$180,000 for 24 mos. @ 7%

Quick Facts

Asking Price: $380,000
Annual Revenue: $1,033,692
Net Profit: Not Disclosed
Cash Flow: $168,962
Total Debt: Not Disclosed
FF&E: $85,000
Real Estate: Not Disclosed
Year Established: 1998
Employees: 16
BBN Listing #: 20424955
Broker Reference #: 1027-13576

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Business Overview:

Italian Restaurant and Bar for sale in Jacksonville Florida. This restaurant has been a Jacksonville favorite for almost 20 years and is known for its authentic Italian dishes and pizza. The owner has recently made extensive renovations and upgraded the furniture and equipment. It seats 150 with both Indoor and outdoor seating. 4COP SRX Liquor License. Some owner financing provided for the right buyer. Signed NDA required for more information.

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Property Features and Assets:

The restaurant is located on the main roadway in a popular part of town. Space is leased in a commercial center with a patio for outside dining and ample parking. The restaurant seats 150 and has 2,500 square feet allowing it to qualify for the inexpensive 4COP SRX liquor license. Assets = $290,000

Market Competition and Expansion:

Revenues can be increased by expanding hours and developing the catering portion of the business.

Reason for Selling:

Reduce business obligations for medical reasons.

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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