Great Family Italian Restaurant in Mall

Miami, FL (Miami-Dade County)

Seller Financing Available
Family owned authentic Italian restaurant in Major Mall – Miami

Asking Price:$399,000

Cash Flow:$150,000

Gross Revenue:$1,200,000

EBITDA:$150,000

FF&E:$399,000

Inventory:N/A

Lease Rate/Sq. Ft.:$12,500

Established:2005

Great Family Italian Restaurant in Mall

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Business Description

Strong Restaurant. $150K a Year Profit. Solid Reputation!

Family owned authentic Italian restaurant in Major Mall – Miami. Very popular restaurant known for delicious Italian food, fresh pasta, pizza, breads, gelato’s, and pastries made in house daily. Modern and clean restaurant with a great atmosphere and relaxing ambiance. Perfect for lunch or dinner after shopping in the mall or after a movie. The restaurant is the only major sit down restaurant allowed in the mall. Sales are over $1Million annually. The owner’s benefit-profit- is $150K a year. The restaurant is fully staffed with a general manager. The owner does not work full time in the restaurant and is semi ansentee. There is a great lease in place with 9 years remaining on the lease term. The all in rent is $12,500 with no increases for the next 5 years. The restaurant has 90 seats inside plus an additional 20 seats on the outside patio. There is a beer and wine license on premises and the restaurant has a nice selection of craft beers. The restaurant has been in business for 11 years and has a solid reputation, and large customer base from the local community. Good Clean Books and Records. Will Qualify for a VISA. For more information contact Dave Walis at restaurantsalesteam@gmail.com or 305-450-3077. All interested parties will be required to sign a confidentiality agreement prior to receiving additional information about this business.

Special Features

Family owned authentic Italian restaurant in Major Mall – Miami
In Business for 11 Years
Sales are over $1Million annually
Owners Benefit is: $150K+ annually
Semi Absentee Owner
Will Qualify for a VISA
Employs 20-25 people
Good, Clean Books and Records. (Tax Returns)
9 Years remaining on Lease
Rent is $12,500 all in
No increases for 5 years
120 Seats. 90 Inside + 20 Outside Patio
3,000 Sqft.
Newly Upgraded Facility
Fully Equipped Kitchen
Wine & Beer License on Premises.

Detailed Information

Real Estate:
Leased
Building SF:
3,000
Lease Expiration:
12/31/2025
Employees:
20-25
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Family owned authentic Italian restaurant in Major Mall – Miami In Business for 11 Years Sales are over $1Million annually Owners Benefit is: $150K+ annually Semi Absentee Owner Will Qualify for a VISA Employs 20-25 people Good, Clean Books and Records. (Tax Returns) 9 Years remaining on Lease Rent is $12,500 all in No increases for 5 years 120 Seats. 90 Inside + 20 Outside Patio 3,000 Sqft. Newly Upgraded Facility Fully Equipped Kitchen Wine & Beer License on Premises.
Competition:
This is the only full service sit down restaurant in the mall.
Financing:
150,000
Support & Training:
Yes
Reason for Selling:
Other Interests

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Dave Walis

Business Listed By:
Dave Walis

The Restaurant Sales Group

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