Italian Restaurant

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Business Description

Known throughout SW Florida and available for acquisition, is a long-standing Italian Restaurant with ever increasing profits. Stand alone building with 170+ seats (property may be leased or purchased). CBS construction, large fully equipped kitchen, separate bar area, substantial dry and cold storage, plenty of parking, great frontage and high traffic counts. Operation comes with 4COP liquor license (transferable). THE FINANCIALS REFLECT A DINNER ONLY OPERATION, providing the new owner with an excellent value and opportunity with the addition of lunch. Delivery also available. In summary, a very stable and proven operation with tremendous upside. Restaurant has just gone through a major renovation costing over $100K. Please note 2017 numbers are due to hurricane Irma. Out of operation for 3-4 weeks.

About the Business

Location:
Naples, Florida
Year Established:
1990
Number of Employees:
21
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About the Sale

Reason For Selling:
Retirement/Other Interests
Training/Support:
Seller will train new owner.

Listing Info

ID:
1513538
Ad Detail Views:
680
Asking Price:
$1,200,000

Gross Revenue:
$1,067,996
Cash Flow:
$303,108
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

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Business Listed by

Joel Soorenko

VR Business Sales

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Sponsoring Broker:

David Meeuwsen
VR Business Sales
License# BK3403802

U.S. Census Data for Collier 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 Collier 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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