47-Year-Old Italian Restaurant with Real Estate

Fort Lauderdale, FL
Broward County


Asking Price: Annual Revenue:
$1,295,000 $377,490

Food & Beverage: Restaurants, Fast Food, Deli


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RE: 47-Year-Old Italian Restaurant with Real Estate Broker: Randy Bring
License #: SL687673
Owner Financing is Available!
SBA = $1,165,500 @ 5.5% for 300 mos= $7,157.19/month.

Quick Facts

Asking Price: $1,295,000
Annual Revenue: $377,490
Net Profit: ($45,342)
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $40,000
Real Estate: $1,150,000
Year Established: 1973
Employees: 15
BBN Listing #: 2015630
Broker Reference #: 0101921015

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Business Overview:

RESTAURANT-BUILDING-LAND! 10% DOWN. Owner's retirement creates this very rare opportunity to acquire this free-standing restaurant & property on highly trafficked N.-S. Broward County corridor. Well known, historic brand! Great exposure w/marquis signage & 33 dedicated parking spaces. Structure is 4,066 SF, lot is 19,249 SF. Building features large working kitchen, walk-in coolers & freezers. Seating in current configuration for 175 w/table & booth layout. Two, 10-ton AC units, 15-year-old roof was re-coated 2 years ago. Own this property for less than what you would pay in rent assuming 10% down, 25-year mortgage @5.50% is $6,478 a month! Zoned B-3- General Business. This offering is for the business as a going concern w/land and building. Buyer may purchase building & real estate without name and current concept (SEE LISTING #164-959845). This building is PERFECT for any sit down concept; Diner, Asian, Mexican, BBQ, etc. Contact listing Broker for full demographic/census package. Please refer to listing #0101921015 & ask for Randy Bring when inquiring.

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Property Features and Assets:

19,249 Square Feet lot with 4,066 Square Feet building included in sale.

Market Competition and Expansion:

Unknown/unlimited.

Reason for Selling:

Retirement

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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