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Lucrative Italian Ristorante In Beach Resort Area For Sale

Pinellas County, Florida, US
Asking Price:
$950,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$2,162,872 (USD)
Cash Flow:
$547,008 (USD)

This Italian restaurant stays busy - real busy. After almost 10 years in the same location, locals know the food and service is always excellent. February 2021, TripAdvisor ranked this area as the #1 Beach in the U.S., and 5th Best Beach in the world for 2021. Over 6.4 million tourists who visit this resort area quickly learn about the fresh food being served here. The business enjoys the high margins of a pizzeria with an active delivery business, and features fine Italian cuisine using the owner's Grandma's recipes from Naples Italy. More than 2,500 great online reviews and high scores on; Google, Slice, Yelp, TripAdvisor, and numerous services. People like this place.

Property Information

Real Estate:

Lease

Premises Details:

A stand-alone building located on a busy street. According to FL DOT for 2020 - 14,600 cars with tourists and locals drive by the location each day. This is located at the 5th Best Beach in the World, according to TripAdvisor in 2021. The restaurant offers outdoor seating along with two inside dining areas.

Business Operation

Expansion Potential:

The restaurant could add a full liquor license to add revenue with good margins. A new owner could explore adding additional space to the stand-alone building. Being Florida, additional outdoor seating could possibly be added economically.

Competition / Market:

There are many restaurants in this resort area, but there are over 6.4 million tourists that visit this beach area every year. This restaurant is typically full with people waiting for a table.

Reasons for selling:

Owners plan to retire.

Trading hours:

Sun-Thurs 11am-10pm; Fri-Sat 11am-11pm

Employees:
15 FT/4 PT
Years established:
9

Other Information

Support & training:

Will train for 2 weeks @ $0 cost.

New owner should have restaurant background since the current owner is actively involved in managing the facility on a daily basis. The restaurant has a Beer and Wine License (2COP).

Financing available:

Lender pre-screened with $190K down.

Furniture / Fixtures value:
$114,129 (USD) - included in the asking price
Inventory / Stock value:
$10,000 (USD) - included in the asking price
Relocatable:
This business can be relocated.

Contact Murphy Business & Financial

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