Lucrative Italian Ristorante in Beach Resort Area

Not Disclosed, FL
Pinellas County

Asking Price: Annual Revenue:
$950,000 $1,853,400

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Lucrative Italian Ristorante in Beach Resort Area Broker: Mark Purtee

Quick Facts

Asking Price: $950,000
Annual Revenue: $1,853,400
Net Profit: Not Disclosed
Cash Flow: $606,259
Total Debt: Not Disclosed
FF&E: $114,129
Real Estate: Not Disclosed
Year Established: 2013
Employees: 19
BBN Listing #: 40044955
Broker Reference #: 1001-16981

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Business Overview:

This Italian restaurant stays busy all year. After almost 10 years in the same location, locals know the food and service is always excellent. And over 6 million tourists who visit the beach 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 dinners using the owner's Grandma's recipes from Naples Italy. Great online reviews and scores from over 2,500 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, the average number number of cars driving by the location each day is 14,600. This is located at one of the top beaches in the world according to TripAdvisor. 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 a homebased business opportunity.
  • This is not a franchise resale opportunity.

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