Retail - Restaurants | Retail - Bars/Taverns

Asking Price	$400,000	Inventory	$10,000**
Gross Income	$219,585	Real Estate
Cash Flow	$21,078	Year Established	2007
FF&E	$120,000*	Employees	8

* included in the asking price

** not included in the asking price

This restaurant/bar operates in a popular business center on US 19N. The food is cooked to order by the owner who is originally from Italy. Only the freshest ingredients and spices are used to create quality cuisine. The restaurant/bar s 2009 annualized earnings are $21,078. The menu offers a wide selection consisting of saut ed dishes, salads, seafood, veal and chicken. The restaurant provides free Wi-Fi to customers and offers nightly entertainment services provided by a DJ Sunday-Thursday. Live music and dancing is available on weekends and draws crowds from the local neighborhoods and hotels. The owner has previously operated restaurants in the Tampa Bay area before opening this prime location in early 2007. The business is close to Tarpon Springs which attracts tourists who enjoy the food and dancing. The business was designed with separate the bar and dining area in order to accommodate customers who want to play games, or watch the numerous TV s without disturbing the guests who are dining. This is an outstanding opportunity for a buyer who can develop this successful top-rated restaurant, expanding and building brand awareness through extensive advertising means.

Facilities: The restaurant/bar is located in a busy shopping center on a major highway in the Tampa Bay area. The 4,750 sq. ft. facility is leased.

Competition: Fresh food, made to order dinners, an outstanding reputation and a prime location are the strengths of this business. Lack of advertising is the businesses biggest weakness. A new energetic owner who is willing to advertise on the radio and in the local newspapers would increase the sales of the business. Additional advertising through the development of a web site and social media advertising on the internet could increase traffic during and after tourist season. The restaurant is ranked as one of the top restaurants and bars in the area.

Growth/Expansion: The business has not done any form of advertising since 2008. In 2008 the business advertised in the local area newspaper. Additional advertising south to Clearwater and north to Newport Richey could increase potential market size and attract more customers from those areas. Currently customers come from a 10 mile radius. Making use of an innovative website with search engine optimization and social media marketing could increase awareness on the internet nationwide attracting more tourists to the restaurant/bar October-April.

Support/Training: 2 weeks

Reason Selling: Due to health issues the owner needs to move out of state.