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Italian Restaurant for Sale in Broward County, FL - Six Figure Income

This family owned upscale Italian Restaurant for Sale in Pompano Beach returned $95,000 first full year of operation with room to grow. Great Location and Lease in place. Sales in 2021 up more than 20% to 2019.
 
As the restaurant industry emerges from COVID 19 restrictions in 2020, we look at sales in 2021 and compare to 2019 to gauge if the restaurant is thriving. In 2019 this Chef owned restaurant produced sales of $385,919. The net owners benefit was $95,517. This was achieved in the first full year of operations. In 2021 sales are up more than 20% per month compared to 2019. This indicates a full year of sales of $450,000 or more. The restaurant is owned by a husband and wife team, The wife is a trained chef and the husband handles all administrative duties and serves as Maitre D during service hours. The owners choose to only be open for six days per week from 5 pm - 10 pm. A new owner can easily expand hours and products for additional sales and profits.Some thoughts include opening for lunch, adding delivery, adding pizza to the menu. Seller will discuss additional cash flow opportunities in a private meeting.

Opened in 2018, this profitable Italian Restaurant for sale is ideal and ready for a Chef/Owner.  The business is located on a busy north/south road that has more than 42,000 vehicles passing by on a daily basis. The area is densely populated with office and retail space. The one-mile radius population is 18,801 residents with an average household income of $69,463. The ability to increase sales and profits are endless.The business occupies 1,800 square feet and seats 52 guests in its beautifully decorated dining room. The restaurant has a 2COP beer and wine license. The very low and reasonable rent for all of this is only $3,899 per month including CAMS and taxes.
 
The fully equipped commercial kitchen has everything you will need to operate and expand this operation. This Italian Restaurant for Sale has a 15-foot exhaust hood, inground grease trap, two six eye burners with stove, 60-quart Hobart dough mixer, 30-quart Hobart mixer, char-broiler, fryer, and more. There is a walk-in cooler, ice machine, and much more commercial refrigeration. The restaurant has an espresso machine, The small wares package includes plate ware, flatware beverage glasses, scales, mixers, etc. and is extensive and all top of the line quality.

The offerings of the menus on this Italian Restaurant for Sale are traditional Sicilian Italian food featuring homemade pastas, bread and desserts. 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.  

This is a Certified Pre-Owned Restaurant® the highest standard for restaurant listings. It has been reviewed by a Certified Restaurant Broker® and has verifiable Sellers’ Discretionary Earnings (SDE). It has been listed based on the strictest industry standards and if SBA lending is advertised, the business earnings qualify subject to Lender’s review & approval. The Business Analysis Tool with the latest profit & loss information is available for immediate review by qualified buyers and has been evaluated based on industry guidelines for expense ratios. The equipment in the store transfers free and clear of any liens subject to UCC Lien search by closing agent. If the space is leased, it is available for assignment, extensions, renewal or new agreement for qualified buyers and if the business is a franchise, it meets the criteria for transfer for assignment of the franchise. The acquisition of a Certified Pre-Owned Restaurant® includes the services of a Certified Restaurant Broker® at no cost to the buyer.

Please click on the tab below to easily acknowledge confidentiality on this Italian Restaurant for Sale. For many business opportunities, you will immediately receive the name, address, photos, and most recent financials. If you have any questions, please contact Certified Restaurant Broker Ken Eisenband at (561) 350-3365

This is an exclusive listing of We Sell Restaurants who is the rightful owner of all intellectual property associated with this website. This may not be duplicated without the express permission of We Sell Restaurants. We Sell Restaurants is a federally registered trademark.

Listing

  • Listing#: 8185
  • Price: $199000
  • Location: Pompano Beach

Lease Term: Expires November 30, 2022

Monthly Rent: $3899,

Indoor Seating: 49

Inside Sq. Ft: 1800,

Hood System: Yes

Neighboring Businesses: Retail, Restaurants, Service Providers

Hours Open: Tuesday-Sunday 5pm-10pm

# of Part-Time Employees: 2

# of Full-Time Employees: 2

Net Sales: $385919.00

Owner Benefit: $95517

Features

  • Italian Restaurant for Sale in Pompano Beach, Florida
  • Seller Discretionary Earnings of $95,000 proven on Tax Return
  • Limited Hours of 5pm - 10pm, six days per week
  • Great long-term lease in please with rent below $4,000 per month
  • Fully Equipped Commercial Kitchen Has it all featuring 15 foot exhaust hood
  • Authentic Recipes and Menu will Transfer with two weeks of training being provided
  • Italian Restaurant for Sale
Italian Restaurant for Sale in Broward County, FL - Six Figure Income

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