Neighborhood Italian Restaurant w/ Loyal Following

Not Disclosed, FL
St. Johns County

Treasure Coast


Asking Price: Annual Revenue:
$325,000 $697,772

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Neighborhood Italian Restaurant w/ Loyal Following Broker: Bob Leone

Quick Facts

Asking Price: $325,000
Annual Revenue: $697,772
Net Profit: Not Disclosed
Cash Flow: $217,541
Total Debt: Not Disclosed
FF&E: $36,000
Real Estate: Not Disclosed
Year Established: 2009
Employees: 8
BBN Listing #: 430611185
Broker Reference #: 170-08493

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Business Overview:

With over 50 years in the area & in business this Seller is ready to go play golf and enjoy the rest of his life, He has owned many different places over the 50 years, but this seller found himself a little Dimond in the rough. He made this location a total gold mine. Opening in 2009 with just one bay, and then after just a short time expanding to the next two bays with a full dining room. This is truly the neighborhood Italian place to dine. Local loyal clientele supports them all year round. 8’Hood system, double stack Bakers Pride Pizza oven, 60-quart Hobart Mixer, and everything you need to run a full-service restaurant. Delivery in house. 400 square feet garage in the back of the kitchen that was transformed into a prep room with prep tables, dishwasher, and walk-in cooler. That 400 Square Feet is a bonus, is not being charged for and will transfer to new owner. Front patio seats 20. Covid had very little effect on them, as they were 100% prepared for delivery and take-out.

There are many hidden gems in this place that the seller will be glad to discuss with any qualified buyer. All interested parties must provide proof of funds and a Bio/Resume to get meeting with the owner. This will not last very long at this price!

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Property Features and Assets:

Inventory: $3,000 (Included in the asking price). Lease/Month: $4,500. Square Footage: 2,500. Building Type: Huge Strip Plaza. Terms & Options: Neg. Expiration Date: 10/31/2024. Leasehold: $80,000.

Reason for Selling:

Retirement

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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