Italian Restaurant, High Volume!

Pinellas County, FL

Italian Restaurant, High Volume!
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Asking Price: $249,000

Cash Flow: $169,000

Gross Revenue: $733,000

EBITDA: N/A

FF&E: $111,000

Inventory: $10,000

Rent: $4,500 /Month

Established: 2018

Italian Restaurant, High Volume!

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Business Description

Excellent opportunity to own an Authentic Italian restaurant with a beer and wine license serving Italian dishes and amazing pizza! This is a brand new, beautiful, high volume Restaurant located in a coastal town of Pinellas County. All the hard work has been done for you. The restaurant has a beautiful, modern interior decor and seating for 92 inside and 24 outside. Ample parking with many residential condos and homes in your backyard. Huge upsides for a buyer with excellent management skills. The restaurant kitchen is fully equipped with brand new equipment, grease trap and air conditioning units. Perfect opportunity for a motivated operator to continue its success and take advantage of the amazing potential. Highly rated online! The numbers are annualized from their first 5 months of operation with owners operating.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,400
Lease Expiration:
3/31/2029
Employees:
12
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Brand new beautiful, modern buildout of over $300,000
Competition:
Hundreds of homes in your backyard
Support & Training:
2 weeks at no cost
Reason for Selling:
Just want to be a landlord
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(from currently available funds)
 
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George Antonaklas

Business Listed By:
George Antonaklas

Realtec Business Brokers

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Sponsoring Broker:
Rick Gruber

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