Italian Restaurant for Sale - Rent includes Utilities - Motivated Sell

Oakland Park, FL (Broward County)

Seller Financing Available
We Sell Restaurants - Florida Restaurant Brokers
Contact Seller

Asking Price: $140,000

Cash Flow: $69,761

Gross Revenue: $511,576



Inventory: N/A

Rent: $2,884,800 /Month

Established: 2011

Italian Restaurant for Sale - Rent includes Utilities - Motivated Sell

Save Print Share Valuation Report

Business Description

Fort Lauderdale Italian Restaurant for Sale with extremely low operating costs is very profitable - Owner will take home six figures! Excellent reviews, location, and lease make this a home run. Utilities included in rent!
The Italian restaurant for sale, offered by the Restaurant Brokers, has had its operating hours cut in half due to health issues. Currently only open for dinner Tuesday through Saturday. The new owner will need to open up Monday through Friday for limited breakfast, lunch, and dinner. The Italian restaurant for sale services much more than just the office building! With two entrances, one from the lobby of office building and one to the outside directly on main road, the office Italian restaurant for sale does excellent sales at dinner. Gross sales in 2016 were in excess of $550,000 and more than $510,000 in 2017, with reduced hours. Net income in 2016 was more than $115,000 and almost $70,000 in 2017! The reduced hours of operation and the owner's reduction in work schedule, effected net profits greatly. The online reviews for this Italian restaurant for sale have been excellent for the six years of open operation.
This Italian restaurant for sale has visibility to a main highway that runs north and south through Broward County. The daily traffic count in front of this Italian restaurant for sale exceeds 46,000 vehicles per day! The 1,200 square foot Italian restaurant for sale is located on the ground floor of a six-story office building that is home to doctors, attorneys, financial planners, and other professionals. The front of house is decorated beautifully, and guests are made to feel very comfortable in the 50-seat dining room and 20 seat patio The Italian restaurant for sale can accommodate the office building tenants and also the dedicated customers of the business. Parking will never be a problem as a free parking lot has ample space for all of your customers! The very low monthly rent of less than $3,000, includes utilities!
The fully equipped commercial kitchen in this Italian restaurant for sale includes a six-foot exhaust hood, convection oven, induction burners, commercial refrigeration, and much more. The business works on electricity, but since the landlord pays utilities this is not an issue. Some of the equipment is supplied to the tenant, by the landlord through the lease. Quite a deal! Lunch service is more casual than dinner as the dining room is transformed to fine dining in the evening, with the addition of table cloths and dimming of lights.
Separate menus for breakfast, lunch, dinner, and catering will all transfer with this sale and the chef/owner will train for two weeks at no cost. The lunch and dinner menus at this Italian restaurant for sale features classic northern Italian Panini, pastas, and salads. The 2COP beer and wine license allows the business to pair great wines with menu offerings! As this business is located in an office building, a simple breakfast menu offers the building tenants a great morning meal Tuesday thru Friday starting at 9 AM. This is great opportunity to purchase a successful Italian restaurant for sale with a six figure income and low operating costs!

Detailed Information

Real Estate:
Building SF:
Lease Expiration:
4 hightop outdoor tables 16 stools outdoor 6 chairs 3 indoor hightop tables 9 tables 20 chairs 3 chalk boards television two door low boy cooler POS system three door low boy cooler prep table two door low boy cooler mixer three door sandwich cooler 2 prep tables 2 table top fryers 3 induction burners six foot hood dish machine s s sheloving freezer chest EQUIPMENT OWNED BY LANDLORD 2 outdoor round tables 6 high top stools 2 indoor tables 20 indoor chairs espresso machine espresso grinder ice machine two door sandwich cooler syand up cooler convection oven slicer single door sandwich cooler
Located on ground floor of office building with direct access to high volume road enables you to have office cafe expenses and free standing restaurant business
Growth & Expansion:
Due to serious health concerns this restaurant has reduced hours by more than 50 Landlord will require new owner to increase hours to lease required hours of breakfast and lunch
Support & Training:
Owner will train for two weeks at no additional cost
Reason for Selling:
Business Website:
Contact Seller

Contact the Seller

Contact Seller Loading

Ken Eisenband

Business Listed By:
Ken Eisenband

We Sell Restaurants

Show Phone Number

View My Listings

Sponsoring Broker:
Eric Gagnon

Listing Statistics

Saved This Listing:
Days Active On Site:
Appeared in Search:
Listing Detail Views:

Ad#:1558110 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.

Similar Listings

Hokulia Shave Ice

Franchise Opportunity In FL
Capital Required: $75,000