Italian Restaurant in a Prime Location!

Pompano Beach, FL (Broward County)

Italian Restaurant in a Prime Location!
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Asking Price: $225,000

Cash Flow: $122,000

Gross Revenue: $427,461

EBITDA: N/A

FF&E: $200,000

Inventory: $1,000

Rent: $19.50 /Month

Established: 2012

Italian Restaurant in a Prime Location!

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Business Description

The Maken Group is pleased to offer qualified operators this full service beautiful Italian restaurant at $225000. Built in 2012 The property is strategically located on Federal Highway in Pompano Beach, Florida. A RARE opportunity to purchase a restaurant with a out door patio in this up and coming high density neighborhood with 2000 new apartment and hotel rooms already in pipe line. Traffic counts at Atlantic Boulevard and Federal Highway exceed 70,000 vehicles per day. Continue with same concept or easily convert it to your own with fully equipped kitchen with two hoods "front and back Kitchen" and 2 walk in coolers! with brand new $20000 Hybrid oven (save 25% in gas & electricity).This versatile conveyor belt oven can be used in many food concepts. $3,250.00/ month lease includes everything - CAM, taxes, and garbage! and has a rare 20 year term (four 5-year options). Well kept shopping center has multiple national tenants, including Starbucks. Totaling 1850 SF of versatile indoor space with additional outdoor seating can comfortably accommodate 36 indoor & 34 outdoor customers. Business highlights include: Busy city Location with out door patio, Beer and wine license, recent renovations, hardwood floors, brand new pizza oven, new computer pos system,great friendly staff,4 star Google rating,on line ordering web site, $1,000 in inventory included, and ample parking spaces. OWNER MOTIVATED

Detailed Information

Location:
Pompano Beach, FL
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,000
Lease Expiration:
12/31/2019
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Support & Training:
14 days of training included.
Reason for Selling:
Retirement
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(from currently available funds)
 
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Sonny Maken CCIM

Business Listed By:
Sonny Maken, CCIM

The Maken Group

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