MergerPlace

Italian Restaurant with Full Bar

Florida (Duval)


  • Asking Price: $400,000
  • Gross Income: $913,583
  • Cash Flow: $180,901
  • Real Estate: Not Disclosed
  • Inventory: $25,000
  • FF&E: $85,000
  • Listing ID: #203270
  • Established: 1998
  • Employees: 12 FT/4 PT

Business Description

Italian Restaurant and Bar for sale in Jacksonville Florida. This restaurant has been a Jacksonville favorite for almost 20 years and is known for its authentic Italian dishes and pizza. The owner has recently made extensive renovations and upgraded the furniture and equipment. It seats 150 with both Indoor and outdoor seating. 4COP SRX Liquor License. Some owner financing provided for the right buyer. Signed NDA required for more information.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: Florida
County: Duval

Company Information

Year Established: 1998
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 12 FT/4 PT

Financial Information

Asking Price: $400,000
Gross Revenue: $913,583
Cash Flow: $180,901
FF&E: $85,000
Inventory: $25,000
Seller Financing Available: Yes

Property Information

Facilities:

The restaurant is located on the main roadway in a popular part of town. Space is leased in a commercial center with a patio for outside dining and ample parking. The restaurant seats 150 and has 2500 square feet allowing it to qualify for the inexpensive 4COP SRX liquor license.

Growth & expansion opportunities:

Revenues can be increased by expanding hours and developing the catering portion of the business.

Reason for selling:

The owner is looking to reduce business obligations for medical reasons.

Support & Training:

Will train for 2 weeks @ no cost. The restaurant serves fresh Italian cuisine and has a full bar. A new owner must be able to qualify for a Florida liquor license. Restaurant management experience will be helpful.

Contact Business Seller

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Business Listed By:

Andrew Thornock

Murphy Business Brokers