Profitable Italian Restaurant for Sale in Broward County - SBA Qualifi

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Sales in excess of $600,000 annually, seller’s income of more than $100,000 !
Asking Price:
$199,000

Gross Revenue:
$625,546
Cash Flow:
$115,964
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

Buy this Full Service Italian Restaurant for Sale in Lauderhill with only 20% down. Pre-approved for SBA financing with 25 years of goodwill and room for growth.
This full service Italian Restaurant for Sale has been servicing the residents of Broward County for more than 25 years. The Italian Restaurant for Sale has been under the same ownership for the entire time and they are ready to retire. The Italian restaurant for sale is open for dinner six nights per week and has sales in excess of $600,000 annually with seller's discretionary income of more than $100,000 yearly. Perfect for a husband and wife team, the Italian restaurant for sale's income could be increased immediately by adding delivery, either through third party services or hiring your own drivers. The local area can support lunch business as the road the Italian restaurant for sale sits on is very commercial and extremely popular.
The Italian restaurant for sale, brought to you by We Sell Restaurants, is housed in a popular strip center that is home to businesses, retail shops, and service providers. The space at this Italian restaurant for sale is 2,200 square feet and seats 74 guests very comfortably. The front of house is nicely decorated and the furniture is of top quality. The monthly rent is ONLY $4,183 and includes all taxes and CAM's! The lease at this Italian restaurant for sale expires in July of 2023, with a five year option attached.
The fully equipped commercial kitchen has everything you will need to run and expand the services of the Italian restaurant for sale. The exhaust hood is 16 feet long and the grease trap is in ground. Kitchen equipment under the hood includes: a broiler oven with pull out char broiler grill, fryer, ten-eye burner with two stoves, steam table that fits four hotel pans, and more. The refrigeration is all commercial grade and in good working condition at this Italian restaurant for sale.
The menu at this Italian restaurant for sale is fine dining and includes all of your favorites. The soup is home-made and the appetizers include clams, calamari, and more. Entree dishes include 13 pasta dishes, steak, veal, pork, and the classics such as chicken marsala, chicken piccata, and chicken parmigiana are popular menu options for customers. No menu at an Italian restaurant for sale would be complete without seafood dishes such as shrimp scampi and other seafood specialties. All recipes will transfer and the current owners will train for two weeks at no cost to insure the quality and standards are maintained through the transition period.

About the Business

Year Established:
1993
Number of Employees:
11
Real Estate:
Leased
Building Sq. Ft.:
2,200
Rent:
$9,202,600.00 Per Month
Lease Expiration:
7/31/2023
Facilities:
POS System Host stand 18 tables utility cart 74 chairs espresso machine two glass door beverage cooler coffee maker microwave ice machine two door stand up cooler two door stand up freezer 3 prep table slicer mixer blender meat grinder speed rack four door cooler three compartment sink fryer broiler oven with pull out grill 2 two door sandwich coolers ten eye burner with two stoves steam table with four hotel pans dish machine bread warmer two door low boy cooler glass door beverage cooler
Website:
https://www.wesellrestaurants.com
Market Outlook/
Competition:
Twenty-five years of Goodwill built in Customers arrive at this restaurant from all over the tri-county area Located on very busy N S road that goes through entire Broward County the restaurant has easy access
Growth & Expansion:
Current concept does not deliver nor serve lunch Very commercial would be ideal for delivery and lunch business Increase sales and profits immediately
Contact the Seller

About the Sale

Reason For Selling:
Retirement
Training/Support:
Owner will train for two weeks at no additional cost

Listing Info

ID:
1580053
Ad Detail Views:
0

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Business Listed by

Ken Eisenband

We Sell Restaurants
License# BK3249847

 Show Phone Number

View My 34 Active Listings
Sponsoring Broker:

Eric Gagnon
We Sell Restaurants
License# H49152

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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