Iconic Full Service Italian Pizzeria & Restaurant

West Palm Beach, FL (Palm Beach County)

Iconic Full Service Italian Pizzeria & Restaurant
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Asking Price: $795,000

Cash Flow: $264,114

Gross Revenue: $1,598,032

EBITDA: $264,114

FF&E: $525,000

Inventory: $15,000

Rent: $6,000 /Month

Established: 2010

Iconic Full Service Italian Pizzeria & Restaurant

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Business Description

Available for acquisition is this iconic full serve Italian pizzeria restaurant and bar in Palm Beach County, FL. Located in the best possible demographic allowing it to capture both the business lunch trade, the after-hour bar business (with live music) and all of the surrounding residential communities. Incredibly beautiful build-out with modern open kitchen design, seating for 160+ including alfresco dining and bar. No deliveries being done. Approximately 25% take out, 25% catering, 50% dine in (80/20 food to liquor). Clean tax return records (contact listing broker for multi-year income & expense detail), excellent E-2 Visa opportunity. Seller will stay on during training and full transition. Very stable employee staff with very little seasonal turnover. This is an impeccable restaurant that is ready for a new aggressive management team! Please refer to listing #0101199514 & ask for Randy Bring when inquiring.

Detailed Information

Location:
West Palm Beach, FL
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
4,989
Lease Expiration:
11/30/2025
Employees:
23
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
4989 sq. ft. in high-end plaza @ $6K/mo.
Competition:
Unknown
Growth & Expansion:
Unlimited
Financing:
N/A
Support & Training:
Seller will train for 2 weeks
Reason for Selling:
Retirement
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(from currently available funds)
 
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Randy Bring

Business Listed By:
Randy Bring

Transworld Business Brokers, LLC.

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Sponsoring Broker:
Andrew Cagnetta

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