Italian Restaurant & Pizzeria family style nets $96,000 Terms

Dade City, FL (Pasco County)

Seller Financing Available
Italian Restaurant & Pizzeria family style nets $96,000 Terms
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Asking Price: Get Financing: $150,000

Cash Flow: $84,000

Gross Revenue: $500,000

EBITDA: N/A

FF&E: $30,000

Inventory: $5,000

Lease Rate: $9.50 /SF/Year

Established: 2008

Italian Restaurant & Pizzeria family style nets $96,000 Terms

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Business Description

Very well established family Italian restaurant and pizzeria located in a small town in Central Florida. The town has a lot of quaint gifts and antique shops so it gets a lot of tourists and visitors to it as well as the local shoppers. The restaurant gets its share of passers-by as it is located on the main road into the downtown area but that is not where the bulk of its customers come from, they come from the local population that has been coming to the restaurant for years. The food is good, the ambiance is good and the owners are very good with the customers that treat the place like home.
This very good business is ideal for a chef with a family that can take over this family business. It has a very extensive menu that can be extended or reduced depending on the experience of a buyer. The only reason this fine business is up for sale is due to the husband's health as he is the chef and runs the kitchen but has very good help that will stay with a buyer if required.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,900
Lease Expiration:
3/31/2006
Employees:
9
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Two units one with the reception and wine storage along with the kitchen and the other with 52 seats for diners. The kitchen has a pizza oven, a hood, dough mixer and plenty of refrigeration along with the stoves and fryers.
Competition:
Very little competition in the town (about 15 miles).
Growth & Expansion:
The restaurant does not now open for lunch or do any deliveries. It used to as the trade is there but for health reasons, the sellers are now closing Monday and Sunday.
Financing:
Seller will carry back a note of $50,000 over 4 years
Support & Training:
Seller will stay for up to a month to make sure a buyer has had an orderly handover and is settled in.
Reason for Selling:
Husbands Health
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John Price

Business Listed By:
John Price

John Price Broker & Associates

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