Asking Price
$875,000
Gross Revenue
$1,169,789
Cash Flow
$270,015
Overview
Business
Description
Do not miss the opportunity to acquire this beautiful Italian restaurant that is turnkey ready for a new owner.
The business is located within a popular plaza on a busy road that has daily passing traffic of over 26,000 vehicles and is perfectly positioned to cater to residents of the area as well as the high volume of tourists that stay nearby.
The owners spent over $800k on the build out of the restaurant, as well as over $400k on the equipment and fittings, including a Modena pizza oven that was imported from Italy. There is a beer and wine license in place, and an extensive collection of wines are included within the $50k worth of inventory that comes with the sale. The restaurant features indoor seating for 70 people and outdoor seating for 32.
Experienced staff in place, making for an easy transition for a new owner. Plenty of opportunity to grow the business and to take advantage of the additional amenities and businesses that are being added to the area.
The figures for 2022 are annualized from Jan-Jul and are based on one full time working owner replacing the General/Front of House Managers as the current owners run the business on an absentee basis.
Call for more information.
Sale
Reason for Selling
Other business interests
Training/Support
Two weeks at no cost to buyer
Premises
Location
Davenport, FL
Contact The Seller
Listed by:
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