35 years Family Italian Restaurant

Davie, FL (Broward County) (Relocatable)

35 years Family Italian Restaurant
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Asking Price: $550,000

Cash Flow: $210,000

Gross Revenue: $1,100,000

EBITDA: $280,000

FF&E: $135,000

Inventory: $5,000*

Rent: $5,050 /Month

Established: 1984

*not included in asking price.

35 years Family Italian Restaurant

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Business Description

MUST SEE this Old School Family Italian Restaurant establish 35+ yrs, seats 80 and is now serving its 3rd generation of customers. Menu items include mouth-watering homemade lasagna, delicious New York Style pizza, calzone & Stromboli like mama used to make! Located in the same strip mall since day one and on one of the busiest intersections in SW Broward Co. Parking is plentiful and near the largest private University in the United States. More than 2000 residents added to this delivery area within the last 12 months due to new construction. Amazing gross revenue, awesome recipes, and repeat customers are just a few reasons to own and invest in this business. Immediately a profitable turn-key business for a quick start. Perfect for a first-time restaurant buyer or for a restaurateur looking to expand his existing restaurant. The name is copyright protected in Florida. Full books and records including Tax Returns, Income Statements & POS are available for review. Priced to sell, won't last long!

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
2,800
Lease Expiration:
2/28/2023
Employees:
13
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Full kitchen, maintained equipment and seats 88 indoors with outside sitting available.
Competition:
over 1000 new homes and apartments opened and more opening within the past 24 months and next 24 months. Next to the largest private College in Florida
Growth & Expansion:
None just market to college and new homes and apartments to let mew area residents know they are there
Financing:
TBA
Support & Training:
30 Days
Reason for Selling:
Moving to North Florida
Business Website:
http://www.reliablebusinessbrokers.com
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Ross Miller

Business Listed By:
Ross Miller

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