Extremely Profitable Upscale Italian Restaurant - West Broward

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Extremely Profitable Upscale Italian Restaurant
Asking Price:
$899,000

Gross Revenue:
$2,466,732
Cash Flow:
$338,217
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$30,000
included in asking price

FF&E:
$50,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

Reason for sale: Semi Retire - Extremely Profitable Upscale Italian restaurant for sale in West Broward. Established 15 years as a high end Italian restaurant catering to a family community. 5000 sq ft. Seating for 150 inside and 50 for patio dining. Over $600k invested in remodel in 2013. Sales exceed 2 million+. Owner benefit $338k for 2017. Visa qualified. Experienced kitchen staff (owner doesn't cook). Fully equipped kitchen with walk in and 24 ft. hood system + two 8 ft. hoods. 3 years tax returns on file. 4Cop SRX liquor license included. Loyal clientele with many corporate events.

About the Business

Year Established:
2003
Number of Employees:
16 FT/3 PT
Facilities:
Lease/Month $20,877- Lease Expires Aug. 2028- 5,000 sq ft -Hi Profile Shopping Center.
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About the Sale

Reason For Selling:
Semi Retire.
Training/Support:
Will train for 4 weeks @ $0 cost.

Listing Info

ID:
1498980
Ad Detail Views:
525

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Business Listed by

Russell Cohen

Murphy Business & Financial Corporation

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Certifications:
U.S. Census Data for Broward County, FL
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Broward County, FL
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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