Upscale East Jupiter Italian/Pizzeria Restaurant

Jupiter, FL (Palm Beach County)

Seller Financing Available
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Asking Price: Get Financing: $450,000

Cash Flow: $133,000

Gross Revenue: $1,419,471

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Lease Rate: $13,947 /Month

Established: 2010

Upscale East Jupiter Italian/Pizzeria Restaurant

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Business Description

Extremely Profitable Upscale Italian Restaurant for sale in Jupiter

Extremely Profitable Upscale Italian restaurant for sale in East Jupiter. Established over 8 years as a high end Italian restaurant destination catering to the growing North Palm Beach County population. 4,400 sq. ft, plus outdoor patio. Seating for 150 inside and 50 on private patio. Over 200k invested in remodel in 2015. Sales exceed 1.4 million + Owner benefit 133k for 2017. Visa qualified. Experienced kitchen staff (Owner doesn't cook). Fully equipped kitchen with walk-in and custom pizza oven exposed to dining room. 3 yrs tax returns on file. 4COP SRX liquor licenses included. Very loyal clientele with strong happy hour. Numerous opportunities for increased sales. Preliminary approval for SBA 7(a) Loan, which may require down payment as little as 10% of purchase price if combined with Seller Note.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
4,392
Lease Expiration:
10/31/2020
Employees:
12
Facilities:
Rent/Month (including CAM, Sales Tax, etc.):$13,947 Lease Expires: 10/31/2020 (Landlord Willing to Execute New Lease w/ 10 year term) Options: 2 Five-Year Size: 4,392 Square Feet Type: Upscale Shopping Center
Competition:
Established in a prime East Jupiter location, this restaurant sits among other upscale restaurants in the booming East Jupiter district.
Growth & Expansion:
Many opportunities for growth, including dedicated manager/chef, full lunch service, delivery, catering, Sunday brunch, enhanced menu, enhanced food quality, etc.
Financing:
Seller willing to finance sale with reasonable terms and more than 50% down.
Support & Training:
30 days/no cost or as requested by Buyer
Reason for Selling:
Partnership Dissolution
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Brad Kuskin

Business Listed By:
Brad Kuskin

Keller Williams Commercial

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