Buy this pizzeria and Italian restaurant for sale in Margate, Florida and you will be rolling in dough. Easy to operate and ready for a new owner. This one will not last.
This pizzeria and Italian restaurant for sale
opened in 2019 and proved to be successful immediately. Sales of more than $1,000,000 and rent of only $70,000 annually (less than 7% of sales) makes this a home run. In 2020 the restaurant returned $202,000 to the owner. 2021 is once again a great year with sales and profits on track to be over $1,000,000 and $175,000, respectively. The restaurant has a state of the art website. The website allows for online ordering for both the restaurant and catering and promotes the popular VIP Wine Club. The VIP Wine Club is a rewards program that drives sales to the restaurant.
The Italian Restaurant for Sale by We Sell Restaurants
is located on a very busy North/South road that has 51,500 vehicles pass by on a daily basis. The three-mile radius population is 160,466 with an average household income of $69,508. That’s a lot of customers with discretionary income to spend. The restaurant occupies 1,993 square feet of space and seats 44 guests inside and another 44 guests on the patio. The monthly rent is only $5,892 including all CAMS and taxes. The lease expires on January 31, 2027 and has two, five year options attached.
The restaurant build-out is beautiful. Diners sit in comfortable booths or dine outside nicely equipped patio. The dining room has plenty of natural lighting and is eclectic and inviting. This restaurant features a variety of wines and the display of wines in lovely. The restaurant sales are derived though in-house dining, pick-up, delivery, and catering. The restaurant accepts third party delivery order but utilizes its own drivers for delivery. They also receive delivery orders directly over the phone and through its website.
There are separate menus for dining and for catering. The dining room/delivery menu features pizzas, of course, prepared New York style, Sicilian, or Grandma’s. The menu has appetizers, salads, soups,
Subs, and your favorite Italian entrees and pasta dishes such as lasagna, shrimp scampi, chicken marsala, and much more. The restaurant handles catering and special events with a menu that is certain to please. Trays of salads, entrees, pasta dishes are offered. The restaurant will customize a pizza party. All recipes and menu will transfer with sale.
The restaurant is open six days per week for lunch and dinner. Closed on Mondays. Fifteen employees are are on staff. The owners of the restaurant are absentee. There is a management in place that oversees this location and another. Contact broker for information on second location. Make a deal to purchase both locations. A new owner operator could increase profits by working onsite and reducing this layer of management.
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
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