General Business Information
Listing ID:
4110-00478
Listing Type:
Exclusive Right of Sale
Price:
$550,000
Down Payment:
$100,500
Category:
Restaurants
County:
Broward
State/Prov:
Florida
Sales:
$1,692,962
SDE:
$214,457
Description of Business
This Italian-American eatery offers a unique opportunity for or E-1 & E-2 Visa seekers, operators, or investors seeking a thriving restaurant business.
The extensive menu includes pizzas, pasta, subs, and more, catering to diverse tastes. With strong community ties, the restaurant actively partners with local organizations, enhancing its
reputation and marketability.
Positioned in a prime commercial area with untapped potential for growth and expansion in dining services.
With a dedicated team, many of whom have been with the business for over 20 years, the restaurant stands out for its quality, consistency, and community engagement, making it an attractive investment.
Opportunities for growth include expanding the dining space, utilizing food delivery services, and obtaining a full liquor license.
⭐︎ Established Community Presence: A well-established restaurant with over two decades of history, known for its strong community ties and loyal customer base.
⭐︎Award-Winning Catering: Recognized as a top-tier provider for several consecutive years, delivering exceptional large-scale catering services.
⭐︎ Diverse Menu Offerings: Features a broad selection of authentic Italian-American cuisine, appealing to a wide variety of tastes.
Listing Details
Location:
South Florida
Organization Type:
Corp 'C'
Hours of Operation:
Mon - Thurs, 11a-9p | Fri - Sat, 11a-10p | Sun, 12p-9p
Years Established:
21
Years Owned:
21
Employees FT:
30
Managers:
1
Amount of Hours Owner Works:
50
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
2024
$1,692,962
$638,162
$1,054,800
$903,703
$151,097
$63,360
$0
$0
$0
$0
$214,457
2023
$1,742,244
$688,004
$1,054,240
$963,407
$90,833
$62,400
$0
$0
$5,579
$0
$158,812
2022
$1,828,263
$676,295
$1,151,968
$938,402
$213,566
$62,253
$0
$0
$6,589
$666
$283,074
Assets Included in Sale
Leasehold Improvements:
$210,000 Included
FF+E:
$352,000 Included
Inventory:
$10,000 Included
Total Assets Included:
$572,000
Lease Information
Monthly Rent:
$7,350
Expiration Date:
2028-01-01
Square Footage:
2,441
Terms and Options:
Negotiable
Building Type:
Strip Center
Summary
Reason for Sale:
Retirement
Training and Support:
The Seller agrees to work in the Business at no compensation for a period 14 days, in order to familiarize the Buyer with the Business.
Non Compete:
The Seller agrees to sign a non-compete agreement for 3 years within a 5 mile radius of the Business.
Owner Qualifications:
Restaurant managment experience.
Financing Summary:
This business is SBA Lender Prequalified. Purchase price of $550,000 with $100,500 down. Monthly payments 6,599.28 for a period of 120 months at an interest rate of 9.5%.
For more information on this listing, please complete our Non-Disclosure Agreement
LISTING BROKER
General Business Information
Listing ID: 4110-00478
Listing Type: Exclusive Right of Sale
Price: $550,000
Down Payment: $100,500
Category: Restaurants
County: Broward
State/Prov: Florida
Sales: $1,692,962
SDE: $214,457
Description of Business
This Italian-American eatery offers a unique opportunity for or E-1 & E-2 Visa seekers, operators, or investors seeking a thriving restaurant business.
The extensive menu includes pizzas, pasta, subs, and more, catering to diverse tastes. With strong community ties, the restaurant actively partners with local organizations, enhancing its
reputation and marketability.
Positioned in a prime commercial area with untapped potential for growth and expansion in dining services.
With a dedicated team, many of whom have been with the business for over 20 years, the restaurant stands out for its quality, consistency, and community engagement, making it an attractive investment.
Opportunities for growth include expanding the dining space, utilizing food delivery services, and obtaining a full liquor license.
⭐︎ Established Community Presence: A well-established restaurant with over two decades of history, known for its strong community ties and loyal customer base.
⭐︎Award-Winning Catering: Recognized as a top-tier provider for several consecutive years, delivering exceptional large-scale catering services.
⭐︎ Diverse Menu Offerings: Features a broad selection of authentic Italian-American cuisine, appealing to a wide variety of tastes.
Listing Details
Location: South Florida
Organization Type: Corp 'C'
Hours of Operation: Mon - Thurs, 11a-9p | Fri - Sat, 11a-10p | Sun, 12p-9p
Years Established: 21
Years Owned: 21
Employees FT: 30
Managers: 1
Amount of Hours Owner Works: 50
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: 2024
GROSS SALES: $1,692,962
– Costs of Goods Sold: $638,162
= Gross Profit: $1,054,800
– Total Expenses: $903,703
= Net Before Taxes: $151,097
ADD BACKS
+ Owner(s) Salary: $63,360
+ Benefits: $0
+ Interest Expense: $0
+ Depreciation: $0
+ Other : $0
TOTAL OWNER BENEFIT: $214,457
INCOME PERIOD, Year: 2023
GROSS SALES: $1,742,244
– Costs of Goods Sold: $688,004
= Gross Profit: $1,054,240
– Total Expenses: $963,407
= Net Before Taxes: $90,833
ADD BACKS
+ Owner(s) Salary: $62,400
+ Benefits: $0
+ Interest Expense: $0
+ Depreciation: $5,579
+ Other : $0
TOTAL OWNER BENEFIT: $158,812
INCOME PERIOD, Year: 2022
GROSS SALES: $1,828,263
– Costs of Goods Sold: $676,295
= Gross Profit: $1,151,968
– Total Expenses: $938,402
= Net Before Taxes: $213,566
ADD BACKS
+ Owner(s) Salary: $62,253
+ Benefits: $0
+ Interest Expense: $0
+ Depreciation: $6,589
+ Other : $666
TOTAL OWNER BENEFIT: $283,074
Assets Included in Sale
Inventory: $10,000 Included
FF+E: $352,000 Included
Leasehold Improvements: $210,000 Included
Total Assets Included: $572,000
Lease Information
Monthly Rent: $7,350
Expiration Date: 2028-01-01
Square Footage: 2,441
Terms and Options: Negotiable
Building Type: Strip Center
Summary
Reason for Sale: Retirement
Training and Support: The Seller agrees to work in the Business at no compensation for a period 14 days, in order to familiarize the Buyer with the Business.
Non Compete: The Seller agrees to sign a non-compete agreement for 3 years within a 5 mile radius of the Business.
Owner Qualifications: Restaurant managment experience.
Financing Summary: This business is SBA Lender Prequalified. Purchase price of $550,000 with $100,500 down. Monthly payments 6,599.28 for a period of 120 months at an interest rate of 9.5%.
LISTING BROKER