Asking Price: $980,000
Gross Income: $925,714
Cash Flow: $150,155
FF&E: $300,000
Inventory: $8,000*
Real Estate: $650,000 (included)
Established: 1984
Employees: 26
*not included in asking price.
Business Description
Long established Italian Restaurant with property for sale in Central Florida/ Orange County area. There has been an Italian restaurant in this location for over 30 years. Business specializes in Italian dishes such as Sicilian Pizza, Eggplant Parmesan, and Chicken Marsala. Great reviews on Tripadvisor, Urbanspoon, and Yelp. Restaurant has a large kitchen and seats 225 people with multiple spaces that can be used for private parties. Full staff is in place, owner is looking to retire after being in the industry for over 30 years. Building and two acres of Real estate included in the sale. Rare opportunity for a buyer to obtain a profitable restaurant with real estate for sale in the Orange County area. Owner puts all their sales on the books. Purchase price includes the real estate. For more information please call us at 407-478-4101.
Detailed Information
- Inventory:
- Not included in asking price
- Real Estate:
- Not included in asking price
- Furniture, Fixtures, & Equipment (FF&E):
- Included in asking price
- Facilities:
- Restaurant has a large kitchen and seats 225 people with multiple spaces that can be used for private parties. Large hood, 2 separate pizza ovens, walk-in cooler, and walk-in freezer. Lots of parking available and the property sits on 2-acres of land so it could be possible to build more on the land.
- Growth & Expansion:
- Lots of operational changes that a new owner could do. They could also work on increasing their delivery business.
- Financing:
- Seller is open to very generous owner financing for a qualified buyer.
- Support & Training:
- Owner will work with the buyer to make for a smooth and easy transition into the business.
- Reason for Selling:
- Owner plans on retiring.