Italian Restaurant for Sale with six figure earnings and 4COP SRX License
Opened in 2013 and operating for four years, this profitable Italian Restaurant for sale is ideal and ready for a new owner operator. The business is located on a very busy east/west road that has more than 50,000 vehicles passing by on a daily basis. The area is densely populated with office and retail space. The three mile radius population is 175,000 residents. At the current time this Italian restaurant for sale is open for limited hours and services and is still exceeding $1,000,000 in gross revenue and generating $150,000 in earnings for an owner operator.
This Italian restaurant for sale does not offer pizza, but does have a pizza oven, nor does it deliver. Delivery is the largest growth segment in the industry and this type of food is the best and easiest delivery operation to implement. The Italian restaurant for sale offered by the restaurant brokers is also closed on Sunday throughout the year and also on Monday for half the year. Lunch is served on weekdays. Add pizza, delivery, open additional days and hours and watch the sales and profits increase when you take this Italian Restaurant for sale business opportunity.
The business occupies 5,000 square feet and seats 160 guests in its beautifully decorated dining room, private party room, and cocktail area. The restaurant has the 4COP SRX license, which means it can offer beer, wine, and liquor to its guests. The private dining room can easily accommodate private functions up to 40 guests. The upstairs has two rooms for storage and an office. If you agree to confidentiality and provide proof of funds you will be able to view pictures of the granite bar top, beautifully decorated dining room, and private party room. The very low and reasonable rent for all of this is only $4,876 per month including all CAMS and taxes. That is less than $12 a square foot and less than 6% of gross sales. Well below industry standards!
The fully equipped commercial kitchen has everything you will need to operate and expand this operation. The restaurant offer by the restaurant brokers has a Pizza Oven and 60 quart Hobart dough mixer, 12 burners, flat-top, char-broiler, fryer, salamander, and more sitting underneath a 24 foot exhaust hood. There is a walk-in cooler, walk-in freezer, ice machine, and much more commercial refrigeration. The restaurant has an espresso machine, fully equipped bar, and furnished private party room. The office is equipped with office furniture. The small wares package includes plate ware, flatware beverage glasses, scales, mixers, etc. and is extensive and all top of the line quality.
This Italian restaurant for sale features separate lunch, dinner, dessert, and wine menus. The offerings of the menus are traditional Italian as the owner is the chef and was born, raised, and trained in Italy. Two weeks of training is being offered at no cost and all recipes and menus will transfer with sale.
To learn more about this Italian restaurant for sale including the name, address, and financials, be sure to click on the "request additional information" or "request name and address" links, agree to confidentiality and contact Ken Eisenband at 561-350-3365. Proof of funds in the amount of $300,000 is required before name, address, and detailed financials can be provided.
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- Listing#: 5594
- Price: $399000
- Location: Hollywood
- Italian Restaurant for Sale in Hollywood, Florida Earns Six Figures!
- Rent of $4,876 is less than 6% of Gross Sales
- Fully Equipped Commercial Kitchen has it all, Including a Pizza Oven and 60 Quart Hobart Dough Mixer
- More than 100 spot parking lot directly behind the restaurant
- Menu and recipes will transfer and seller will train for two weeks at no cost
- Add Pizza, Delivery, and Expand Hours to watch Sales and Profits Rise
- SRX Liquor License will allow you to offer Beer, Wine and Liquor to your guests
- Italian Restaurant for Sale