With over 25 years of experience, this chef took a failing Italian Restaurant and turned it into an all-time winner. In just over 6 years, the owners have captured the heart and trust of the local community. This 1950 sq. ft gem seats 45 inside and anywhere from 10-20 on the patio. Highly visible location at one of the busiest intersections in town. This husband-and-wife team also opened a very complimentary business next door that is also for sale, ask me for details. All newly replaced walk-in components, evaporator and condensing units, new hood system, and a newly remodeled dining room. The plaza is under a complete makeover, and there is plenty of parking. They have gotten to the place everyone strives to get to in this business; they run it 90% absentee. A husband-and-wife team could run it as is or take over some of the paid positions and make even more. All buyers must present a PFS and BIO/Resume to attain additional information. Seller will finance over 3 years with a 5-year amortization allowing the payment to be smaller for the buyer, and then the note will balloon at the end of the three years.
- Asking Price:
- $432,500 (USD) Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $819,540 (USD)
- Cash Flow:
- $224,050 (USD)
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Lease/Month: $4,207
Terms & Options: Negotiable
Expiration Date: 5/31/2022
- Location:
-
Saint Lucie County / Treasure Coast / Southeast Florida
- Premises Details:
-
Building Type: Huge Strip Plaza
Square Footage: 1,950
Leasehold: $25,000
Business Operation
- Reasons for selling:
-
Retirement
- Trading hours:
-
Sunday-Saturday, 11-9
- Employees:
- 14
- Years established:
- 6
Other Information
- Support & training:
-
Seller will train buyer for two weeks at no cost to buyer
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
Seller Loan: $182,500
Mos: 36
Rate: 8%
Mo Pmt: $3,700.44
- Furniture / Fixtures value:
- $42,500 (USD) - included in the asking price
- Inventory / Stock value:
- $3,000 (USD) - included in the asking price