Landmark Italian Restaurant For Sale
Location Florida,United States
Asking Price Range < $250K
Gross Revenues $659487
Net Profit / Cash Flow $156291
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1967
Number of Employees 10 - 19
Inventory 3500
Relocatable No
Number of Employees 10 - 19
Real Estate Leased
Training Seller will train for 2 weeks.
Reason for Sale Seller taking a corporate restaurant position.
Description A landmark in suburban Palm Beach County, this 45 year old 62 seat Italian restaurant can be yours. Open 7 days, lunch/dinner. Does some catering, can improve. Beer-Wine license. Ave. ticket:$16.dinner, $9.lunch. Weekends see a 3 X dinner table turn. New lease eff. 3/1/12 @ lower rent. 85% of customers are repeat. Revenues: 65% dinner/25% lunch/10% takeout-delivery. Seller w/hold note for qualified Buyer with direct restaurant experience. SEE PRESENTATION REPORT FOR DETAILED FINANCIAL & SUPPORTING DATA. Please refer to listing #16412625 & ask for Randy Bring when inquiring.
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