Italian Restaurant / Caffe

Business
  • Listing# : 18586
  • Listed Price : $640,000
  • Total Sales : $790,159
  • SIC : 5812
  • Down Payment : $64,000
  • Status : Active
  • Discretionary Earnings : $415,703

Business Type :

Restaurants / Italian Restaurant

Business Description :

Extremely profitable, Italian Restaurant serving this exclusive Palm Beach County community. Great opportunity for an experienced chef to live their dream and own their own restaurant, or an existing restaurant group to expand their footprint. The demographics support this quaint, neighborhood gem and excellent on-line reviews, 4.7 stars on Open Table, provide word of mouth advertising.  Prime time reservations typically sold out a year in advance. Very clean books kept by CPA. 2023 owner benefit of $415K+. Jump in 2023 SDE a result of pass-thru of CC fees. Open Tuesday - Saturday 5pm - 10pm.  Seats 32 with addition outdoor seating possible. Approximately 1,200 square foot facility with lease expiring June 2025. Landlord is open to extended lease terms. Fully equipped with recent upgrades as owner motivated to see new owner succeed. All buyers must financially qualify prior to name and executive summary being released.

Assets/Liabilities:

    • Accounts Receivable $0
    • Incl :
    • Real Estate $0
    • Incl :
    • Inventory $2,500
    • Incl : Yes
    • Liabilities $0
    • Incl :
    • FF&E $47,500
    • Incl : Yes
    • Other: $0
    • Incl :
    • Leasehold $0
    • Incl :
    • Total Assets $50,000
    • Incl : Yes

Lender Prequalified: Yes

Similar Listing :

Restaurants