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Fine Dining Italian Restaurant for Sale Returned $95k - 2021 Great Sales!

This family owned upscale Italian Restaurant for Sale in Broward County returned $95,000 in first full year of operation with room to grow. Great Location and Lease in place. Sales in 2021 are booming.
 
Opened in 2018, this profitable Italian Restaurant for sale is ideal and ready for a new owner/operator.  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. Per 2019 federal Tax Return the seller’s discretionary earnings were $95,517 on $385,919 of revenue. the restaurant saw a decline in business in 2020 due to Covid 19. 2021 has seen sales rebound. With sales of more than $50,000 in March of 2021 the restaurant doubled the sales of March 2020 and were just short of sales in 2019. Sales should return to pre-covid numbers in the very near future. The ability to increase sales and profits are endless. Some thoughts include opening for lunch, adding delivery, adding pizza to the menu. Seller will discuss additional cash flow opportunities in a private meeting.

This Italian restaurant for sale offered by The Restaurant Brokers has limited hours. Opened for business Tuesday thru Sunday for dinner only from 5 pm – 10 pm. 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
Fine Dining Italian Restaurant for Sale Returned $95k - 2021 Great Sales!

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