Price: $150,000
Location: North East Florida
Business Category: Restaurants
Business Subcategory: Italian Restaurant
Listing ID: 4110-00228
Listing Status: New
Location! Location! Location!
This is a must see Authentic Italian Cuisine restaurant, served at affordable prices for the whole family. Very experienced staff in place for continued success with a long history in the community of over 10 years. They offer take out, curbside and catering.
Seller is motivated as he is ready to move on to other interests and is willing to provide some financiang for a qualified buyer. Please provide NDA, along with a Personal Financial Statement.
Down Payment: $125,000
Total Sales: $278,410
Discretionary Earnings: $96,800
FFE: $50,000
FFE Included: Yes
Inventory: $1,000
Inventory Included: Yes
Year Established: 2011
Year of last Acquisition: 2011
Days & Hours of Operation: 7 days a week from 11 am - 10 pm
Owner Hours Per Week: 35
Lender Pre-Qualified: No
Employees: 3
Managers: 1
Absentee Owner: No
Lease Option: 1 additional 5 yr option
Real Estate Included: No
Monthly Rent: $3,002
Type of Location: Strip Center
Square Footage: 1,161
Franchise: No
Relocatable: No
Reason For Sale: Other business interests.
Training & Support: Two weeks at no cost to the buyer.
Owner Qualifications: Restaurant Management Experience