Italian Restaurant & Deli - Sales over One Million

Oakland Park, FL (Broward County)

Italian Restaurant & Deli - Sales over One Million
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Asking Price: Get Financing: $459,000

Cash Flow: $200,000

Gross Revenue: $1,000,000

EBITDA: $200,000

FF&E: $150,000

Inventory: $10,000*

Lease Rate: $5.76 /Month

Established: 2014

*not included in asking price.

Italian Restaurant & Deli - Sales over One Million

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Business Description

Italian Deli/Restaurant - Nets $200K - asking $ 595,000.00

Great Italian Deli, Delicious Pizza and Creative Italian cuisine make this a fun place to get to know. Lots of delivery and take-out with some catering jobs in the thousands of dollars. (a delivery vehicle comes with the sale). Open six days (closed on Sunday) and serving breakfast, lunch and dinner. Open at 9:00 AM. Providing musical entertainment on Friday and Saturday nights. Ample service area in the back of the store. The store is almost 5,000 sq. ft. . Rent is only $ 2,400 /month and includes water/sewer and rubbish disposal. Lease has ten more years with a five year option available.Sales are in excess of one million per year with approximately 20% falling to the bottom line.
Asking price is $595,000.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
4,000
Lease Expiration:
5/31/2028
Employees:
12
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
5,000 sq. ft. with a retail deli area, a restaurant seating area and a private dining room that seats up to 21 persons. Parking in front and service parking in the back.
Competition:
Very little competition in the area for the specific foods that Seller sells.
Growth & Expansion:
Seller has the equipment ( 20 ft. hood for example) to expand substantially. bu not the energy.
Support & Training:
Seller will stay to train for two weeks after closing at no cost and for longer if required at a price to be determined.
Reason for Selling:
Seller moving on
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(from currently available funds)
 
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Bill Ciano

Business Listed By:
Bill Ciano

Century 21

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