MergerPlace

Truly a Very Special Restaurant

Florida (Palm Beach)


  • Asking Price: $420,000
  • Gross Income: $1,025,000
  • Cash Flow: $204,079
  • Real Estate: Not Disclosed
  • Inventory: $2,500
  • FF&E: $127,500
  • Listing ID: #213489
  • Established: 2007
  • Employees: 12 FT / 2 PT

Business Description

This Restaurant is a true Gem! It has the most Loyal Customers you will ever see! Each week, over & over, they continue coming back and each week there are New Customers who have heard about the great reputation (12 years) for Food & Service. Always highly rated with 5 star reviews, it also includes the Catering division which uses the same restaurant kitchen but has a completely different serving staff as well as delivery vans and drivers. This owner is going home each year with over $210,000 in his pocket but this business could continue to grow and produce much larger profits in the very near future. Definitely a Restaurant/Catering business worth looking into!


Business Details

Primary Business Category: Retail Trade - Food & Beverage Stores
Location: Florida
County: Palm Beach

Company Information

Year Established: 2007
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 12 FT / 2 PT

Financial Information

Asking Price: $420,000
Gross Revenue: $1,025,000
Cash Flow: $204,079
FF&E: $127,500
Inventory: $2,500
Seller Financing Available: No

Property Information

Facilities:

This Restaurant is located in the Heart of a very busy shopping center on the Main street in a very large populated area of West Palm Beach. You can't find a better place to have a restaurant. And it has Tons of Parking right in front! No Valet is needed (no liabilities). The interior is bright and comfortable and the owner is constantly updating various materials to remain current with the newest interior designs.

Growth & expansion opportunities:

The potential for growth in this restaurant is simply unlimited. There are just not enough reliable, excellent Italian restaurants to satisfy all of the people who simply wish to have the best food, service and the Best Catering available for their Events.

Competition:

There are lots of restaurants out there but not like this and not in business as long nor do they have the great Catering division attached to it. This business stands out because the Owner has worked so hard to make it a Legend in the area!

Reason for selling:

The Owner is moving to another State.

Support & Training:

Will train for 4 weeks @ no cost There are no special licenses that are needed with this restaurant business.

Contact Business Seller

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Business Listed By:

Paul Lapidus

Murphy Business Brokers