High Volume, Italian Restaurant and Pizzeria

General Business Information

Listing ID:

4110-00318

Listing Type:

Exclusive Right of Sale

Price:

$195,000

Down Payment:

$195,000

Category:

Restaurants

County:

Lake

State/Prov:

Florida

Country:

United States

Sales:

$1,296,299

SDE:

$176,994

Description of Business

Family Owned and Operated, this local favorite has been serving its respective area for years and has a well- established clientele including those that seek out the most authentic Italian cuisine in the area. The restuarant has an incredibly positive reputation with almost 500+ reviews on Google (4.6 stars) and a 4.8 star rating on Facebook. They offer dine-in, carry-out, delivery, and catering. This Italian Restaurant and Pizzeria cuts no corners; using only the finest ingredients and organic/non-GMO proteins available. Located inside of a very busy shopping center in Lake County, Florida, there is ample parking and plenty of term left on their lease. The long tenured staff should remain in place for an in coming Buyer; Seller is looking to retire and has some health issues. This is an outstanding opportunity for an Owner-Operator or Family-Run business.

Listing Details

Location:

Situated in a very busy shopping center in Lake County, Florida with ample parking and loads of foot traffic.

Organization Type:

Full Corporate

Hours of Operation:

Tues-Thurs, 1130a-8p | Fri-Sat, 1130a-9p | Sun, 1130a-8p

Years Established:

2000

Years Owned:

5

Employees FT:

10

Employees PT:

12

Managers:

1

Amount of Hours Owner Works:

60

Is Relocatable:

No

Is Home Based:

No

Is a Franchise:

No

Is Lender Pre Qualified:

No

May Qualify for a Visa:

Yes

Financial Information
INCOME PERIOD, Year
GROSS SALES

– Costs of Goods Sold

= Gross Profit

– Total Expenses

= Net Before Taxes
ADD BACKS

+ Owner(s) Salary

+ Benefits

+ Interest Expense

+ Depreciation

+ Other
TOTAL OWNER BENEFIT
2022
$1,296,298

$547,627

$748,671

$662,976

$85,695
$91,300

$0

$0

$0

$0
$176,995
2021
$1,094,397

$469,914

$624,483

$592,312

$32,171
$65,000

$0

$0

$13,943

$0
$111,114
2020
$794,326

$349,523

$444,803

$480,501

$-35,698
$65,000

$0

$0

$13,943

$0
$43,245
Assets Included in Sale

Leasehold Improvements:

$20,500 Included

FF+E:

$65,000 Included

Inventory:

$8,000 Included

Total Assets Included:

$93,500

Lease Information

Monthly Rent:

$7,000

Expiration Date:

2028-01-31

Square Footage:

1,984

Terms and Options:

Negotiable

Building Type:

Shopping Center

Summary

Reason for Sale:

Retirement

Training and Support:

Two weeks at no cost to buyer.

Non Compete:

5 miles for 3 years.

Owner Qualifications:

Restaurant Management Experience

For more information on this listing, please complete our Non-Disclosure Agreement
LISTING BROKER

Carey Sobel

Carey Sobel
General Business Information

Listing ID: 4110-00318

Listing Type: Exclusive Right of Sale

Price: $195,000

Down Payment: $195,000

Category: Restaurants

County: Lake

State/Prov: Florida

Country: United States

Sales: $1,296,299

SDE: $176,994

Description of Business

Family Owned and Operated, this local favorite has been serving its respective area for years and has a well- established clientele including those that seek out the most authentic Italian cuisine in the area. The restuarant has an incredibly positive reputation with almost 500+ reviews on Google (4.6 stars) and a 4.8 star rating on Facebook. They offer dine-in, carry-out, delivery, and catering. This Italian Restaurant and Pizzeria cuts no corners; using only the finest ingredients and organic/non-GMO proteins available. Located inside of a very busy shopping center in Lake County, Florida, there is ample parking and plenty of term left on their lease. The long tenured staff should remain in place for an in coming Buyer; Seller is looking to retire and has some health issues. This is an outstanding opportunity for an Owner-Operator or Family-Run business.

Listing Details

Location: Situated in a very busy shopping center in Lake County, Florida with ample parking and loads of foot traffic.

Organization Type: Full Corporate

Hours of Operation: Tues-Thurs, 1130a-8p | Fri-Sat, 1130a-9p | Sun, 1130a-8p

Years Established: 2000

Years Owned: 5

Employees FT: 10

Employees PT: 12

Managers: 1

Amount of Hours Owner Works: 60

Is Relocatable: No

Is Home Based: No

Is a Franchise: No

Is Lender Pre Qualified: No

May Qualify for a Visa: Yes

Financial Information
INCOME PERIOD, Year: 2022


GROSS SALES: $1,296,298

– Costs of Goods Sold: $547,627

= Gross Profit: $748,671

– Total Expenses: $662,976

= Net Before Taxes: $85,695



ADD BACKS

+ Owner(s) Salary: $91,300

+ Benefits: $0

+ Interest Expense: $0

+ Depreciation: $0

+ Other : $0



TOTAL OWNER BENEFIT: $176,995

INCOME PERIOD, Year: 2021


GROSS SALES: $1,094,397

– Costs of Goods Sold: $469,914

= Gross Profit: $624,483

– Total Expenses: $592,312

= Net Before Taxes: $32,171



ADD BACKS

+ Owner(s) Salary: $65,000

+ Benefits: $0

+ Interest Expense: $0

+ Depreciation: $13,943

+ Other : $0



TOTAL OWNER BENEFIT: $111,114

INCOME PERIOD, Year: 2020


GROSS SALES: $794,326

– Costs of Goods Sold: $349,523

= Gross Profit: $444,803

– Total Expenses: $480,501

= Net Before Taxes: $-35,698



ADD BACKS

+ Owner(s) Salary: $65,000

+ Benefits: $0

+ Interest Expense: $0

+ Depreciation: $13,943

+ Other : $0



TOTAL OWNER BENEFIT: $43,245

Assets Included in Sale

Inventory: $8,000 Included

FF+E: $65,000 Included

Leasehold Improvements: $20,500 Included

Total Assets Included: $93,500

Lease Information

Monthly Rent: $7,000

Expiration Date: 2028-01-31

Square Footage: 1,984

Terms and Options:

Negotiable

Building Type: Shopping Center

Summary

Reason for Sale:

Retirement

Training and Support:

Two weeks at no cost to buyer.

Non Compete: 5 miles for 3 years.

Owner Qualifications:

Restaurant Management Experience