Italian Restaurant / Caffe
Not Disclosed, FL Palm Beach County
SE Florida
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- RE: Italian Restaurant / Caffe
- Contact: Todd Zielinski
Quick Facts
| Asking Price: | $640,000 | |
| Annual Revenue: | $790,159 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $415,703 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $47,500 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2010 | |
| Employees: | 7 | |
| BBN Listing #: | 978881 | |
| Broker Reference #: | 1040-18586 |
Business Overview:
Extremely profitable, Italian Restaurant serving this exclusive Palm Beach County community. Great opportunity for an experienced chef to live their dream and own their own restaurant, or an existing restaurant group to expand their footprint. The demographics support this quaint, neighborhood gem and excellent on-line reviews, 4.7 stars on Open Table, provide word of mouth advertising. Prime time reservations typically sold out a year in advance. Very clean books kept by CPA. 2023 owner benefit of $415,000+. Jump in 2023 SDE a result of pass-thru of CC fees. Open Tuesday - Saturday 5pm - 10pm. Seats 32 with addition outdoor seating possible. Approximately 1,200 square foot facility with lease expiring June 2025. Landlord is open to extended lease terms. Fully equipped with recent upgrades as owner motivated to see new owner succeed. All buyers must financially qualify prior to name and executive summary being released.
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Property Features and Assets:
Leased facility located in a commercial strip center surrounded by a mix of retail and commercial businesses. This locals favorite is located within walking distance from upscale residential communities. Many recent equipment upgrades, including AC, reduce buyer's risks.
Assets = $50,000
Market Competition and Expansion:
Restaurant has a very loyal, local customer base. Restaurant is open 5 - 10pm Tuesday through Saturday and the 6pm - 8pm reservation slots are typically booked a year in advance. The owner keeps it simple with a basic menu made to order with always fresh ingredients. Restaurant also does private parties and catering.
Opportunity to grow revenue with additional hours, Restaurant is open Tuesday through Saturday from 5pm - 10pm. Owner typically closes for the months of August and September to return to his birthplace in Italy to recharge and explore new dishes. Opening for lunch also offers opportunity to grow revenue.
Reason for Selling:
Retirement.Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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