Upscale Italian Restaurants In South Palm Beach For Sale

Business description

Two Locations with same name Upscale Italian restaurants located in two different affluent townships. Each seats about 200+. Full bars. These both show very well with beautiful build-outs. This is an excellent opportunity for a serious operator. Both locations are grossing about $1.2mil each. Only experienced buyers please, as the owners will carry a large note. Please contact broker John Talio when inquiring about this listing.

Property information

Real Estate:

Lease

Lease terms:

Lease/Month:$20033.76 with 1/5 yr terms and options located at a strip mall with 9550 sq ft

Location:

Strip mall

Business Operation

Reasons for selling:

Moving to different concept

Trading hours:

50

Employees:

20FT 20PT 3Mgr

Years established:

7.5

Other information

Support & training:

Seller will train for 1 week at no cost

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

Amount is $362,500 @ 7% for 60 mos

Furniture / Fixtures value:

$370,000 (included in the asking price)

Inventory / Stock value:

$16,000 (included in the asking price)