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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