MergerPlace

Profitable Upscale Italian Restaurant

Florida (Broward)


  • Asking Price: $1,000,000
  • Gross Income: $2,466,732
  • Cash Flow: $338,217
  • Real Estate: Not Disclosed
  • Inventory: $30,000
  • FF&E: $50,000
  • Listing ID: #206487
  • Established: 2003
  • Employees: 16 FT/ 3 PT

Business Description

Reason for sale: Semi Retire - Extremely Profitable Upscale Italian restaurant for sale in West Broward. Established 15 years as a high end Italian restaurant catering to a family community. 5000 sq ft. Seating for 150 inside and 50 for patio dining. Over $600k invested in remodel in 2013. Sales exceed 2 million+. Owner benefit $338k for 2017. Visa qualified. Experienced kitchen staff (owner doesn't cook). Fully equipped kitchen with walk in and 24 ft. hood system + two 8 ft. hoods. 3 years tax returns on file. 4Cop SRX liquor license included. Loyal clientele with many corporate events.


Business Details

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

Company Information

Year Established: 2003
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 16 FT/ 3 PT

Financial Information

Asking Price: $1,000,000
Gross Revenue: $2,466,732
Cash Flow: $338,217
FF&E: $50,000
Inventory: $30,000
Seller Financing Available: Yes

Property Information

Facilities:

Lease/Month $20,877- Lease Expires Aug. 2028- 5,000 sq ft -Hi Profile Shopping Center.

Reason for selling:

Semi Retire.

Support & Training:

Will train for 4 weeks @ no cost.

Contact Business Seller

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Business Listed By:

Russell Cohen

Murphy Business Brokers