Italian Restaurant

Clearwater, FL (Pinellas County)

Italian Restaurant
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Asking Price: Get Financing: $35,000

Cash Flow: N/A

Gross Revenue: $100,000

EBITDA: N/A

FF&E: $35,000

Inventory: N/A

Lease Rate: $1,350 /SF/Month

Established: 1998

Italian Restaurant

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Business Description

Currently closed, all equipment is there to open up less the inventory. An opportunity to expand the business and increase sales by adding delivery pizza, increasing hours of operation to include Saturday nights and Sunday, breakfast or brunch. Motivated seller for family reasons. Very profitable if well managed. Low rent. 3 year lease with 3 renewal periods available.

Detailed Information

Real Estate:
Leased
Building SF:
1,800
Lease Expiration:
N/A
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Building management company will interview potential buyers and sale is contingent on their approval. The management company is willing to extend lease renewal for longer periods. Gross Sqft is approximate, buyer to verify. Existing rent $1350 a month. Utility cost is approximately $1000.00, Insurance $810 for the year, Cable $150. Have 2COP beer and wine license.
Reason for Selling:
Family reasons
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Business Listed By:
Otniel Gil

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