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Quick Facts
Asking Price: | $99,000 | |
Annual Revenue: | Not Disclosed | |
Net Profit: | Not Disclosed | |
Cash Flow: | Not Disclosed | |
Total Debt: | Not Disclosed | |
FF&E: | $400,000 | |
Real Estate: | Not Disclosed | |
Year Established: | Not Disclosed | |
Employees: | Not Disclosed | |
BBN Listing #: | 996133937 | |
Broker Reference #: | MILANO |
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Business Overview:
JUST REDUCED! The restaurant Milano Trattoria is presently closed looking for the right operator with the right concept. Restaurants of this caliber rarely come on the market in an AAA location, with an opportunity to purchase the real estate let alone one on the water like this for a price like this, its unheard of, a roof top deck with 25 captivating seats and spectacular water views which has been enclosed for year round enjoyment and a lot more income, visit their great website to view pictures. A tremendous venue that has a state of the art Earth Stone wood burning pizza oven, hood system like no other, amazing kitchen, new enticing 25 seat patio connected to the electric full bar lounge area. Located on heavily traveled road near hotels, major shopping centers, with extensive commercial development and densely populated residential neighborhood. You can get an option to buy the real estate or buy the whole package now for $995,000 either way you can’t lose with this one. To be able to own a waterfront restaurant of this stature with a venue like this housing a former high grossing profitable business, established for over 25 years for a price like this is unheard of don’t be crazy act now to view this one of a kind opportunity.
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Property Features and Assets:
2,500 dazzling square feet, only $7,000 per month rent, 70 Prosperous dining seats, enclosed roof top patio with incredible few, full enticing bar with new alluring connected patio, Earth Stone wood burning pizza oven, hood system like no other, ¼ stunning waterfront acres, ample parking, proven $1,000,000 income plus AAA waterfront location since 1990.
Market Competition and Expansion:
Competition: AAA waterfront location, rare opportunity to own waterfront restaurant with an opportunity to own the real estate for $995,000 Growth & Expansion: The restaurant is presently closed looking for the right operator with the right concept the location will do all of the heavy lifting
Reason for Selling:
Other business interest.
Additional Details:
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