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Italian Restaurant And Bar In Palm Beaches For Sale

Palm Beach County, Florida, US
Asking Price:
$850,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,763,299 (USD)
Cash Flow:
$400,000 (USD)

A very successful and profitable 9-year-old Italian Restaurant and Bar located in the heart of the Palm Beaches. Featuring Indoor and outdoor seating, Homemade Italian Food in a family setting. Managers, Pizza makers and staff in place. The perfect opportunity for an owner operator, investor or anyone that wants to be a part of the thriving South Florida Pizza, Pasta, and Bar scene. Please refer to listing # Agent Joshua Sagman when inquiring about this listing. Thank you!

Property Information

Real Estate:

Lease

Lease Terms:

Terms & Options: Long Term Lease & Options Expiration Date: 4/1/2028

Leasehold Rent:

$16,490 (USD) per annum

Premises Details:

Located in a strip center

Size in square feet:
3,900

Business Operation

Competition / Market:

Non Compete : Miles: 10 Years: 2

Reasons for selling:

Buying another Restaurant

Trading hours:

Monday- Thurs: 11am – 9pm, Friday & Saturday 11am -10pm Sunday 12-8pm

Employees:
32
Years established:
9

Other Information

Support & training:

Will train for 2 weeks @ no cost.

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

Loan/Seller - Amt: 350,000 Mos: 36 Rate: 8.00 Mo Pmt: 10,967.73

Furniture / Fixtures value:
$75,000 (USD) - included in the asking price
Inventory / Stock value:
$12,000 (USD) - included in the asking price

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