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Busy Busy Italian Restaurant With Excellent Rent For Sale

Martin County, Florida, US
Asking Price:
$1,200,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,835,120 (USD)
Cash Flow:
$406,383 (USD)

2022 up over 30% of 2021

The absolute best restaurant listing I have ever listed hands down. Purchased just 7+/- years ago, the owners turned this place around. Situated in a beautiful plaza right on US 1 with other food facilities and retail. The rent is ridiculously low and includes a small bay in the same plaza they use for storage of equipment and extra inventory. Square footage of the restaurant is 2587 plus the additional storage bay all for the very low cost of $1928.00 a month. That’s how you make money in the restaurant business.

The current picture is fantastic; where Covid-19 hit and hurt a lot of businesses, especially in hospitality, this place held its own. As seen on the tax returns, business in 2020 was only slightly off from 2019. Now jump to 2021 and sales are off the chart. 2021 numbers will be provided once the NDA /PFS / BIO are received. With 4 delivery services plus their own in-house delivery, take-out and dine-in sales are up over 2020-2019 for the same period. Currently running 50% dine-in, 50% take-out and delivery.

Property Information

Real Estate:

Lease

Lease Terms:

Lease/Month: $1,928
Terms & Options: 5 with a 5 year
Expiration Date: 2/28/2025

Location:

Martin County / Southeast Florida / Treasure Coast

Premises Details:

Building Type: Strip Plaza
Square Footage: 2,587
Leasehold: $30,000

Business Operation

Reasons for selling:

Relocating

Trading hours:

Sunday - Saturday Lunch and Dinner

Employees:
10FT / 6PT
Years established:
15

Other Information

Support & training:

Seller will train buyer for two weeks at no cost to buyer

Financing available:

Financing: $1,020,000
Mos: 120
Rate: 5.75%
Mo Pmt: $11,196.46

Furniture / Fixtures value:
$125,000 (USD) - included in the asking price
Inventory / Stock value:
$13,000 (USD) - included in the asking price

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