Italian Restaurant for Sale in Wellington with 4COP – Sales of $1.3 Mi

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Net Revenues in excess of $1,000,000
Asking Price:
$349,000

Gross Revenue:
$1,090,033
Cash Flow:
$142,589
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

Pizzeria and Italian Restaurant for sale in Palm Beach County, Florida is Turn-Key and has been operating profitably since inception four years ago. With Net Revenues in excess of $1,000,000 with Seller's Discretionary Earnings of $145,000!
Four-year-old Pizzeria and Italian restaurant for sale in Wellington, Florida has been operating profitably since inception. With more than $1,000,000 in annual sales, six-figure earnings, 4COP SFS license, and long term lease in place this opportunity will not last long.
We Sell Restaurants has done it again! The best of the best, this Italian restaurant for sale is housed in a busy shopping center in Wellington, Florida. Anchored by a national Big Box Retailer, with other successful restaurants, retail, and service providers, the shopping center draws thousands of customers to the plaza. The restaurant is on the end-cap with 4,550 square feet of space inside and 500 square feet on the patio. The restaurant seats 175 guests inside and 50 guests on the patio. Three-mile radius population is more than 50,000 residents with an average household income in excess of $100,000. More than 89,000 vehicles pass the shopping center daily. The very low monthly rent is $10,592 including all CAMS and taxes. The long term lease expires in December of 2020 and there is a five-year option attached.
This Italian Restaurant for sale features the coveted 4COP SFS license. This allows the restaurant to sell Liquor, Beer, and Wine. The bar area and dining room are separated by the hostess area. The hostess area connects directly to the pizza station for easy access for pick-up and delivery business. The distinction between the dining room and the bar allows the busy bar to feature many events. Perfectly set up for viewing sporting events, live entertainment, and more this area adds revenue to the operation, but does not interfere with the cozy atmosphere of the dining room. The dining room is set up with a mixture of booths and tables. Many of the tables can be opened up to accommodate six guests.
The fully equipped commercial kitchen has been designed for high volume. The exhaust hood is 16 feet long and the pizza hood is separate. This Italian restaurant for sale also features 16 eyes of burner space for sautéing, a char-broiler, two fryers, pasta cooker, double-stacked convection oven, and double stacked pizza oven. The dough mixer is a 60 quart Hobart machine, there is a walk-in cooler, walk-in freezer, and another dedicated walk-in for kegs of beer. All refrigeration is commercial grade.
The menu has it all! With features like 16 specialty pizzas and more than 16 fresh toppings to choose from, all cravings can be satisfied. The Italian menu has all of you favorite pasta dishes along with chicken, veal and shrimp. Appetizers, Paninis, Heroes, and Desserts are also offered. All recipes will transfer with the sale of this Italian restaurant for sale, and the owner will remain for two weeks of training.

About the Business

Location:
Wellington, Florida
Year Established:
2015
Number of Employees:
30
Real Estate:
Leased
Building Sq. Ft.:
4,550
Rent:
$10,601.50 Per Month
Lease Expiration:
12/31/2020
Facilities:
POS system 8 televisions 25 tables 8 booths with tables 123 chairs 3 highchairs 6 booster seats refrigerated display case 13 bar stools three glass door low boy cooler mug chiller 12 beer taps 2 ice wells walk in beer cooler three door low boy cooler proofer ice machine 2 spice bins slicer 60 quart hobart mixer two door beverage cooler s s shelving 6 prep tables walk in cooler walk in freezer three compartment sink pasta cooker 10 eye burner with 2 stoves six eye burner with stove char broiler 2 fryers double stacked convection oven two door low boy cooler single door pizza cooler four hotel pan electric steam table two door sandwich cooler glass door stand up cooler speed rack 2 two door pizza coolers double stacked pizza oven
Website:
www.wesellrestaurants.com
Market Outlook/
Competition:
Wellington is one of the best places to live in the state of Florida Average house hold income in three mile radius is more than 100 000 Good food and good service will equate to good profits in this area
Growth & Expansion:
More than 89 000 vehicles pass by the corner of this shopping center on a daily basis Very affluent area support local businesses
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About the Sale

Reason For Selling:
Personal
Training/Support:
Owner will train for two weeks at no additional cost
Seller Financing:
67%

Listing Info

ID:
1600222
Ad Detail Views:
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Business Listed by

Ken Eisenband

We Sell Restaurants
License# BK3249847

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Sponsoring Broker:

Eric Gagnon
We Sell Restaurants
License# H49152

U.S. Census Data for Palm Beach 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 Palm Beach 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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