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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
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
LISTING BROKER