Potential E-2 Visa Qualified Authentic Italian Food, 29 yrs Same Owner

Jupiter, FL (Palm Beach County)

Potential E-2 Visa Qualified Authentic Italian Food, 29 yrs Same Owner
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Asking Price: $329,000

Cash Flow: $172,902

Gross Revenue: $591,489

EBITDA: $172,902

FF&E: $100,000

Inventory: $4,000

Rent: $3,020 /Month

Established: 1990

Potential E-2 Visa Qualified Authentic Italian Food, 29 yrs Same Owner

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Business Description

All the good stuff you would expect. Same owner for 29 years. Seats 64. Customers drive from W Palm Beach and Stuart, it’s like family. Everything prepared on premises from scratch. In season, line goes out the door in season. Full menu, weekly specials, a place where the rich and famous in the area come for dinner. Catering has the potential to scale-up. Much of the wait staff service over 23-years. Beer and Wine. Open Tuesday to Sunday, 5 pm to 10 pm off season, seven days a week in season. All W-2, legal and longtime employees. All equipment serviced on a schedule. 64 seat capacity. Free standing building with highway exposure and signage, plenty of parking. Potential buyer should be an experienced restaurant operator. Seller willing to stay on with limited hours to help transition. The best online ranking. Personal Financial State or Proof of Funding Required.

Detailed Information

Location:
Jupiter, FL
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,500
Lease Expiration:
5/31/2028
Employees:
7 P/T 2/PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Expires May 31, 208. $3.020 per month, 1,500 S/F
Growth & Expansion:
Add a liquor license, promote more catering
Support & Training:
Negotiable
Reason for Selling:
Retirement
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Contact the Seller

(from currently available funds)
 
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Bob Dolan

Business Listed By:
Robert M Dolan

Dolan Sales, Inc.

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in The New England Business Brokers Association (NEBBA).

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