• Listing ID: 1276968
  • (Seller ref: 16412625)

Landmark Italian Restaurant In Lake Worth For Sale


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Asking price:
$200,000 (Furniture / Fixtures and Inventory / Stock included)
Sales revenue:
$571,042
Cash flow:
$131,422
Years established:
45
Employees:
7FT/3PT/1MGR

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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.


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.

Expansion potential:
Unlimited
Competition / Market:
Unknown
Support & training:
Seller will train for 2 weeks
Reasons for selling:
Seller taking a corporate restaurant position.
Trading hours:
11:30a to 9:30p, 7 days
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)

For more information about this business for sale, click the Contact Seller button.


Please only contact this seller if you have a GENUINE interest in buying this business. DO NOT MAKE CONTACT if you wish to sell your third party goods or services as you will be blocked from this site.

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