General Business Information
Listing ID:
4110-00400
Listing Type:
Exclusive Right of Sale
Price:
$349,000
Down Payment:
$40,000
Category:
Restaurants
Subcategory:
Italian Restaurant
County:
Osceola
State/Prov:
Florida
Country:
United States
Sales:
$604,243
SDE:
$167,251
Description of Business
An amazing opportunity to acquire a well established authentic Italian restaurant.
Located in the tourist center of Kissimmee on a popular and busy road, in an area experiencing rapid growth. The restaurant is surrounded by residential developments and vacation resorts attracting both locals and tourists alike, with new projects continually being built.
With the option to extend operating hours this business provides massive growth potential and offers an invaluable opportunity to a new owner.
This restaurant has an impressive 30 year history and has gained a fantastic reputation boasting 1442 Google reviews with a 4.3 rating, 864 Trip Advisor reviews with a 4 rating and is ranked #46 out of 452 restaurants in Kissimmee on Trip Advisor. Should qualify for an E2 visa.
Listing Details
Location:
Kissimmee
Organization Type:
Sub-S Corporation
Hours of Operation:
Mon-Sun 2pm-9pm
Years Established:
30
Years Owned:
30
Employees FT:
4
Employees PT:
4
Managers:
1
Amount of Hours Owner Works:
35
Is Relocatable:
No
Is Home Based:
No
Is a Franchise:
No
Is Lender Pre Qualified:
Yes
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
2023
$604,243
$137,632
$466,611
$333,638
$132,973
$27,680
$0
$0
$0
$6,868
$167,251
2022
$719,669
$236,936
$482,733
$283,007
$199,726
$32,100
$0
$0
$131
$6,029
$237,986
2021
$663,344
$146,204
$517,140
$296,922
$220,218
$20,150
$0
$0
$131
$9,644
$250,143
Assets Included in Sale
FF+E:
$70,000 Included
Inventory:
$1,500 Included
Total Assets Included:
$71,500
Lease Information
Monthly Rent:
$7,000
Expiration Date:
2026-01-13
Square Footage:
3000
Terms and Options:
Negotiable
Building Type:
Strip Mall
Summary
Reason for Sale:
Retirement
Training and Support:
Two weeks
Non Compete:
5 years and 25 miles
Owner Qualifications:
Restaurant experience preferred
Financing Summary:
SBA Lender Pre-Qualified Buyer Down Payment of $40,000 Loan Term: 10 Years, 5 years fixed rate Rate: P + 1% (9.50% present rate) Monthly Loan Payment: $4,257 Small Business Administration financing is subject to the qualification of individual buyers. This business has not been directly reviewed by the SBA.
For more information on this listing, please complete our Non-Disclosure Agreement
LISTING BROKER
General Business Information
Listing ID: 4110-00400
Listing Type: Exclusive Right of Sale
Price: $349,000
Down Payment: $40,000
Category: Restaurants
Subcategory: Italian Restaurant
County: Osceola
State/Prov: Florida
Country: United States
Sales: $604,243
SDE: $167,251
Description of Business
An amazing opportunity to acquire a well established authentic Italian restaurant.
Located in the tourist center of Kissimmee on a popular and busy road, in an area experiencing rapid growth. The restaurant is surrounded by residential developments and vacation resorts attracting both locals and tourists alike, with new projects continually being built.
With the option to extend operating hours this business provides massive growth potential and offers an invaluable opportunity to a new owner.
This restaurant has an impressive 30 year history and has gained a fantastic reputation boasting 1442 Google reviews with a 4.3 rating, 864 Trip Advisor reviews with a 4 rating and is ranked #46 out of 452 restaurants in Kissimmee on Trip Advisor. Should qualify for an E2 visa.
Listing Details
Location: Kissimmee
Organization Type: Sub-S Corporation
Hours of Operation: Mon-Sun 2pm-9pm
Years Established: 30
Years Owned: 30
Employees FT: 4
Employees PT: 4
Managers: 1
Amount of Hours Owner Works: 35
Is Relocatable: No
Is Home Based: No
Is a Franchise: No
Is Lender Pre Qualified: Yes
May Qualify for a Visa: Yes
Financial Information
INCOME PERIOD, Year: 2023
GROSS SALES: $604,243
– Costs of Goods Sold: $137,632
= Gross Profit: $466,611
– Total Expenses: $333,638
= Net Before Taxes: $132,973
ADD BACKS
+ Owner(s) Salary: $27,680
+ Benefits: $0
+ Interest Expense: $0
+ Depreciation: $0
+ Other $: $6,868
TOTAL OWNER BENEFIT: $167,251
INCOME PERIOD, Year: 2022
GROSS SALES: $719,669
– Costs of Goods Sold: $236,936
= Gross Profit: $482,733
– Total Expenses: $283,007
= Net Before Taxes: $199,726
ADD BACKS
+ Owner(s) Salary: $32,100
+ Benefits: $0
+ Interest Expense: $0
+ Depreciation: $131
+ Other $: $6,029
TOTAL OWNER BENEFIT: $237,986
INCOME PERIOD, Year: 2021
GROSS SALES: $663,344
– Costs of Goods Sold: $146,204
= Gross Profit: $517,140
– Total Expenses: $296,922
= Net Before Taxes: $220,218
ADD BACKS
+ Owner(s) Salary: $20,150
+ Benefits: $0
+ Interest Expense: $0
+ Depreciation: $131
+ Other $: $9,644
TOTAL OWNER BENEFIT: $250,143
Assets Included in Sale
Inventory: $1,500 Included
FF+E: $70,000 Included
Total Assets Included: $71,500
Lease Information
Monthly Rent: $7,000
Expiration Date: 2026-01-13
Square Footage: 3000
Terms and Options: Negotiable
Building Type: Strip Mall
Summary
Reason for Sale: Retirement
Training and Support: Two weeks
Non Compete: 5 years and 25 miles
Owner Qualifications: Restaurant experience preferred
Financing Summary: SBA Lender Pre-Qualified Buyer Down Payment of $40,000 Loan Term: 10 Years, 5 years fixed rate Rate: P + 1% (9.50% present rate) Monthly Loan Payment: $4,257 Small Business Administration financing is subject to the qualification of individual buyers. This business has not been directly reviewed by the SBA.
LISTING BROKER