Lucrative Italian Ristorante In Beach Resort Area
Not Disclosed, FL Pinellas County
Seller's Contact Information
- RE: Lucrative Italian Ristorante In Beach Resort Area
- Contact: Mark Purtee
Quick Facts
| Asking Price: | $899,000 | |
| Annual Revenue: | $2,153,983 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $511,150 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $114,129 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2013 | |
| Employees: | 19 | |
| BBN Listing #: | 40044955 | |
| Broker Reference #: | 1001-16981 |
Business Overview:
This Italian restaurant stays busy - real busy. After almost 10 years in the same location, locals know the food and service is always excellent. February 2021, TripAdvisor ranked this area as the #1 Beach in the U.S., and 5th Best Beach in the world for 2021. Over 6.4 million tourists who visit this resort area quickly learn about the fresh food being served here. The business enjoys the high margins of a pizzeria with an active delivery business, and features fine Italian cuisine using the owner's Grandma's recipes from Naples Italy. More than 2,500 great online reviews and high scores on; Google, Slice, Yelp, TripAdvisor, and numerous services. People like this place.
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Property Features and Assets:
A stand-alone building located on a busy street. According to FL DOT for 2020 - 14,600 cars with tourists and locals drive by the location each day. This is located at the 5th Best Beach in the World, according to TripAdvisor in 2021. The restaurant offers outdoor seating along with two inside dining areas. Assets = $188,378
Market Competition and Expansion:
There are many restaurants in this resort area, but there are over 6.4 million tourists that visit this beach area every year. This restaurant is typically full with people waiting for a table. The restaurant could add a full liquor license to add revenue with good margins. A new owner could explore adding additional space to the stand-alone building. Being Florida, additional outdoor seating could possibly be added economically.
Reason for Selling:
Owners plan to retire.
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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