Home style Italian Restaurant "must See"

Saint Petersburg, FL (Pinellas County)

Seller Financing Available
Home style Italian Restaurant
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Asking Price: $175,000

Cash Flow: $85,000

Gross Revenue: N/A

EBITDA: N/A

FF&E: $200,000

Inventory: $4,000*

Rent: $1,400 /Month

Established: 1993

*not included in asking price.

Home style Italian Restaurant "must See"

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Business Description

This 2 cop quaint Italian Restaurant is a staple in this community, has been here for 26 years and served customers for generations. With 3200 sq. ft and 100 seats, the build out alone would cost over 300k. Lots of opportunity to increase delivery and catering, with no competition to speak of in the surrounding area. Priced for a quick sale owner is ready to retire. All equipment is owned and up to date. Very clean and spacious and very busy. This is one of those you can call a steal for the price.

Detailed Information

Location:
Saint Petersburg, FL
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
3,200
Lease Expiration:
11/1/2020
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Business is in a plaza taking up almost half of the plaza, has all up to date equipment, 4 bathrooms, walk-in cooler and lots of space. ""Great Location""
Competition:
Literally no competition in the surrounding area.
Growth & Expansion:
Increase opportunity with delivery and catering. You can also add breakfast or possible 4 cop with SRX.
Financing:
neg.
Support & Training:
Owner is willing to stay 1 to 2 weeks
Reason for Selling:
Ready to retire.
Contact Seller

Contact the Seller

(from currently available funds)
 
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Henry Gamez

Business Listed By:
Henry Gamez

A.J.Della Monica & Assoc.

Show Phone Number

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Sponsoring Broker:
AJ Della Monica

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