Landmark Italian Restaurant In Lake Worth For Sale

Business description

A landmark in suburban Palm Beach County, this 45 year old 62 seat Italian restaurant can be yours. Open 7 days, lunch/dinner. Does some catering, can improve. Beer-Wine license. Ave. ticket:$16.dinner, $9.lunch. Weekends see a 3 X dinner table turn. New lease eff. 3/1/12 @ lower rent. 85% of customers are repeat. Revenues: 65% dinner/25% lunch/10% takeout-delivery. Seller w/hold note for qualified Buyer with direct restaurant experience. SEE PRESENTATION REPORT FOR DETAILED FINANCIAL & SUPPORTING DATA. Please contact Randy Bring when inquiring.

Property information

Real Estate:

Lease

Lease terms:

1500 sq. ft. end cap/plaza @ $2100/mos.

Location:

Lake Worth

Premises details:

1500 sq. ft. end cap/plaza @ $2100/mos.

Business Operation

Expansion potential:

Unlimited

Competition / Market:

Unknown

Reasons for selling:

Seller taking a corporate restaurant position.

Trading hours:

11:30a to 9:30p, 7 days

Employees:

7FT/3PT/1MGR

Years established:

45

Other information

Support & training:

Seller will train for 2 weeks

Financing available:

$100K @ 6% for 60 mos.

Furniture / Fixtures value:

$70,000 (included in the asking price)

Inventory / Stock value:

$3,500 (included in the asking price)