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Busy Italian Restaurant In Great Location For Sale

Saint Lucie County, Florida, US
Asking Price:
$432,500 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$819,540 (USD)
Cash Flow:
$224,050 (USD)

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.

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

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