Italian Restaurant - Great Location

Lee County, FL

Seller Financing Available
Italian Restaurant - Great Location
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Asking Price: $690,000

Cash Flow: $243,753

Gross Revenue: $2,235,889

EBITDA: N/A

FF&E: $90,000

Inventory: $20,000

Rent: $5,212 /Month

Established: 1999

Italian Restaurant - Great Location

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Business Description

Long-standing Italian restaurant with established clientele on a major highway near very affluent community associations and family activities, e.g., beach, golf, shopping malls and movie theaters. 4170 SF with indoor/outdoor seating for 160+. Full bar and Italian menu with appetizers, soups, salads, pastas, flatbreads and other Italian specialties. Opportunities includes adding social media advertising. Under-market lease has 14 years of options left.

Brokers: 50/50 co-broke with BBF and AFLBB members as well as IBBA CBIs. All others shall be on a referral basis only.

Detailed Information

Location:
Lee County, FL
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
4,170
Lease Expiration:
5/31/2023
Employees:
36
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
4170 SF with indoor/outdoor seating for 160+. In shopping center on major highway near very affluent community associations.
Growth & Expansion:
Opportunities includes adding social media advertising.
Support & Training:
One week of transition assistance free of charge
Reason for Selling:
Ask seller
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(from currently available funds)
 
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Eric Gall

Business Listed By:
Eric Gall

Edison Business Advisors

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