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Asking Price: $825,000

Gross Revenue: $1,474,415

EBITDA: $391,837

FF&E: $250,000

Inventory: $8,000

Established: 2005

Business Description

15 yr Old Pizza Popular Restaurant Orlando net $391,000+ Super profitable Pizza and Italian Restaurant located in East Orlando since 2005. Great reputation as being a family-oriented gathering hot spot. Most of the business is dine-in and carry-out with 25% delivery. Affordable menu pricing, while still very profitable for the Seller. Large kitchen and a high-end build-out. The business is very profitable and is completely turn-key and sales continue to grow. Below market rent, and clean books and records. SBA Pre-qualified for a Buyer with Restaurant experience with 20% down.

Location: Orlando, FL
Inventory: Included in asking price Employees: 20
Furniture, Fixtures, & Equipment (FF&E): Included in asking price Facilities: Packed shopping plaza with long-term anchor tenants. Financing: Bank Financing Available for Experienced Buyer Support & Training: Owner will train for a smooth transition. Reason for Selling: Relocation

Selling Restaurants in the Orlando and Central Florida area can often times be an art as the supply of buyers and the type of buyers are more unique than in other parts of the country. Orlando and the Central Florida is a unique part of the country in that it is still in a population and development growth mode that has been expanding for decades. Potential restaurant buyers move to Florida every day and some are existing restaurant owners that have to decided to look into other restaurant for sale opportunities in Central Florida for possible expansion. To help guide restaurant owners looking to sell their restaurant businesses in Orlando and the Central Florida area we developed this list of top 10 tips to selling your restaurant in the Orlando and Central Florida area.

  1. Keep Good Books And Records

    The old school method of keeping a black book in the back room showing the cash that the owner is hiding just does not cut it anymore. If you’re looking to sell your restaurant in the Orlando and Central Florida area for the highest price, the more earnings an owner can show on the books, the better. When business brokers in Orlando show restaurants, often times the first question we get from buyers is, “how are the financial records?” Finding restaurants with good books and records is one of the greatest challenges for business buyers in Florida. Technology has helped by introducing more POS systems and credit card reporting systems into the mix however nothing beats tax records when it comes to showing buyers a restaurant’s earnings. The more earnings and profits a restaurant owner shows, the higher the price they can obtain from a potential restaurant buyer in Orlando.
  2. Keep Your Restaurant Premises Clean and Up To Date

    Just because your financial earnings are great or you have what is thought to be a great location does not mean you’re work is finished. Restaurant buyers in Orlando are often checking out the condition of a restaurant’s premises both inside and outside in addition to the equipment included in the purchase price. Is the kitchen equipment old? Does it need replacing? How old are the air conditioners and when do they need replacing? Any update that a restaurant seller can do to improve or update the look of their restaurant is a plus. Restaurant buyers do factor in how much they will have to spend when buying a restaurant in the Orlando area. Often times buyers will come up with an estimate and subtract that amount from a potential offer. If you’re asking yourself, how can I sell my restaurant in Orlando? Think of it as selling a house or a car. If you would not want to purchase a messy house or a messy car, then you probably would not want to purchase a messy restaurant either. Keep your restaurant premises clean and up to date.
The Business Brokers at Crowne Atlantic Selling Restaurant Businesses in the Orlando area.

3. Know Your Lease Situation

As business brokers it still amazes us when we speak with restaurant owners and they have no idea what their lease status is. How much longer is the lease? Does the rate go up? Are there any options to renew? Having a detailed lease available for a potential restaurant buyer is critical. A landlord can easily prevent a restaurant sale from occurring by having a lease that is not compatible with a sale. While confidentiality is key, it is always best for restaurant owners to find out from their landlord what qualifications they will be looking for in a potential buyer that you bring to them. Do they need a certain amount of financial backing or restaurant experience to get qualified for the landlord? Are any potential impediments to a sale for a potential buyer? If confidentiality is a potential issue and a seller does not want to reach out to the landlord until a buyer is located they need to still find out any information they can on what it will take to get the restaurant buyer a new or assigned lease. No lease, no deal. The lease is a priority.

4. Ensure Your Restaurant Is Up To Code And Licensed Properly

Seasoned restaurant buyers and owners all know that some restaurants just are not up to code and they will inquire about it. There are occasions when restaurant owners can slide by and get away with having a permit for 50 seats but having 70 available in the restaurant or having a single bathroom when county permitting for a restaurant their size requires two bathrooms. Restaurant inspectors can also give a bad rating to restaurants based on improper food handling or a grease trap that is not deemed large enough for the business. Whatever the case may be, it is important to ensure that your restaurant is up to code and licensed properly. If you’re just hoping that no one will notice, please note that it will be noticed eventually and if there is a serious issue the selling owner will not necessarily be home free just because they sold the restaurant. It is best to make sure things are properly in place prior to the sale.

5. Manage Your Online Reviews

In some instances online reviews are just as important as a restaurant’s locations. In the Orlando area where most people drive when going out to eat, locations play a slightly lesser role when decide where to eat and online reviews have started filling that void. Part of the reason is the increase in usage of food delivery services. Customers not familiar with particular restaurants will take a look at the online reviews and decide whether or not to order from there. Online reviews do not have to be perfect and often times they can be unfair to the restaurant owner, however restaurant buyers do look at them when they are looking to buy a restaurant. If the online reviews are way out of control and loaded with horrendous comments restaurant owners need to figure out the source and try to correct the issues. These reviews become part of a restaurant’s overall reputation so they are important to keep track of.

6. Keep The Sale Confidential

The business brokers at Crowne Atlantic have one rule when it comes to confidentiality which is, “Tell no one, or tell everyone.” Ultimately we recommend keeping potential sales confidential from competitors, employees, customers, and the general public. The only reason we say tell no one or tell everyone is because if a restaurant owner tells only a portion of the people their restaurant is for sale, the other portions typically find out. So in those instances it is best to control the narrative and there are only a few instances where restaurant sellers would want to be open to the public about a potential sale. Typically when employees find out about a potential sale it can create headaches for an owner because now they will have to field questions from employees about the unknown after a sale takes place. Better to save those issues for a time later on when a sale and a buyer are in place and an owner can have actual answers available for their employees. It is also advised that restaurant owners keep business sales confidential from the customers and competitors as well because that is where rumors typically begin and typically they are not in favor of the restaurant owner. Hiring a business broker in the Orlando area can help restaurant sellers keep confidentiality by helping contain the publicity of the sale to those potential buyers that are actually interested in the restaurant. Orlando Business Brokers also make sure buyers are qualified, sign nondisclosures and they help keep the contact with the seller to a minimum.

Kitchen staff working hard to keep the restaurant going.

7. Produce An Equipment And Asset list of What The Sale Includes

Do you have a favorite picture in your restaurant left to you by your Great Aunt and do not want that included in the sale? You should probably remove it before you start showing the restaurant to potential buyers. When showing the restaurant, keep in mind that potential buyers typically want everything currently in the restaurant to be included in the sale. If items are not included in the sale, owners need to mention this from the start or simply remove the items from the premises. We recommend restaurant owners put together an equipment and asset list to detail everything that is included in the sale. At Crowne Atlantic our Orlando Business Brokers typically list the pieces of equipment that are rented or leased in addition to any large pieces of equipment owned by the landlord on the same list as the included equipment. This way there is a record that this knowledge was transferred to the buyer. Most purchase contracts include an equipment and asset list.

8. Keep Up With The Sales

This one should be a given, but business brokers in Orlando see it all the time. They meet with a seller that has an amazing year with record sales and profits and by the time the restaurant is listed the following year sales have dropped. There are times when a drop in sales is unavoidable but it can be discouraging to some buyers. That is why it is important for restaurant owners to give it their very best when operating their restaurant even while it is for sale because because potential buyers are paying attention. If the numbers are really good, a restaurant seller might even be able to get a better price.

9. Create An Operations Manual

Just knowing that a restaurant owner has an operations manual sends a signal to a potential buyer that this owner is organized and has put thought into a potential transition with a new owner. Details like this do offer potential buyers a little bit of comfort in knowing that if something happens to the original owner that there is still a default handbook of information that they can turn to. The operations manuals could include recipes, repair man contacts, vendor/ supplier contacts, landlord contact information in addition to past menus and ex-employees that could be contact in case of a labor shortage. Any thing that could be of help to a new owner could be in this manual. It shows that the restaurant owner takes the operation of their restaurant and this restaurant sale in Orlando seriously.

10. Highlight Any Managers or Key Staff Members Critical To The Operation

Restaurant buyers love hearing that they will not be piloting the whole ship themselves. If you have high-value workers on your staff, be sure to let potential buyers know about it. Buyers always feel that a skilled, dependable and honest staff is an added bonus because good help can be hard to find. If you do not have any dependable workers, see if you can round some up or hire a skilled manager. A skilled restaurant staff can help a new owner in their transition and can help the restaurant owner obtain a better price for their business.

If you or someone you know is looking to buy or sell a restaurant in the Orlando or Central Florida area contact the number one business brokers in Central Florida at Crowne Atlantic at 407-478-4101.

Other articles on selling businesses in Orlando that might interest you:

The Day Of The Sale Checklist For Selling A Business in Orlando

The Most Important Tip When Selling Your Business In Central Florida

Keeping It Quiet: 4 Tips To Maintaining Confidentiality When Selling A Business in Orlando

Local Italian Restaurant For Sale in Orlando, FL
Orlando, FL (Orange County)
Seller Financing Available

Asking Price:
$699,000

Cash Flow: $303,494

Gross Revenue:$1,638,393

FF&E: $50,000

Inventory: $10,000

Established:
2015
Business Description

Local Italian Restaurant For Sale in Orlando area
Well-known Italian restaurant with an exceptional reputation. Business has a great concept where customers travel across town just to dine there. Terrific online reviews demonstrate that the food and the service is great and that customers will be coming back. The facility has a full kitchen and has a 4COP SRX full liquor license. Business has great books and records which show the business does well over $100K a month in sales. Talented staff in place. For more information please call 407-478-4101.
Detailed Information

Location: Orlando, FL
Inventory: Included in asking price
Employees: 15
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Facilities: Business has a full kitchen and qualifies for a 4COP SRX.
Growth & Expansion: Business continues to grow as their reputation becomes more well-known.
Financing: Owner is open to financing a portion of the purchase price for a qualified buyer.
Support & Training: Owner will work with a buyer to make for a smooth and easy transition into the business.
Reason for Selling: Relocation

If you or someone you know is looking to buy or sell a business in the Orlando area call Crowne Atlantic, your number one trusted business broker. www.crowneatlantic.com.

Orlando Italian Restaurant For Sale – SBA Prequalified
Orlando, FL (Orange County)
Seller Financing Available

Asking Price: $499,000

Cash Flow: $200,324

Gross Revenue: $924,607

FF&E:$45,000

Inventory: $5,000

Established: 1998
Business Description

Lender Prequalified – Italian Restaurant For Sale in Orlando
Well-known neighborhood Italian restaurant restaurant for sale in the Orlando area. This restaurant has a solid menu full of Italian specialties and pizza. Business has a 20-year reputation with a well-trained staff and exceptional 5-star online reviews. The facility has 150 seats and a full kitchen and has a very reasonable rental rate. Business is well-located located in a very popular shopping plaza with plenty of parking and right off a main highway. New owner will be coming into a turn-key operation. Owner is open to some owner financing for a qualified buyer and the business is lender prequalified for qualifying buyers. For more information on this Italian restaurant for sale in Orlando please call 407-478-4101.
Detailed Information

Location: Orlando, FL
Inventory: Included in asking price
Employees: 15
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities: Full kitchen with 150 seats.
Competition: Business has a long-standing reputation with very inexpensive rent.
Growth & Expansion: Lots of opportunity to continue to grow with additional marketing and advertising.
Financing: Business is Lender Prequalified for a qualifying buyer.
Support & Training: Owner will work with the buyer to help with a smooth transition.
Reason for Selling: Family reasons.

If you or someone you know is looking to buy or sell a business in the Orlando area call Crowne Atlantic, your number one trusted business broker. www.crowneatlantic.com.

Below are some great restaurant for sale opportunities in the Orlando and Central Florida area for the Summer of 2018.


Sushi & Hibachi Grill Restaurant with 4COP SRX Liquor License

Price: $425K
Sales: $960K
Owner’s Benefit: $212K
This restaurant captures the best of many different worlds by catering to those who want a private dining experience, those who want to invite all of their friends for a Hibachi Grill experience and those who simply want to sit at or near the sushi bar. Business also has a separate bar just for alcohol. Business is located in a very populated section of Orlando and has 164 seats.

Quick Service Restaurant with Property For Sale
Price: $990K for the Business & Real Estate
Owner’s Benefit: $209K
Quick-service restaurant specializing in chicken, beef, ribs, sandwiches and other specialties. Business has a long established reputation spanning to almost 7 decades. Currently only open 6 days a week from 11am to 8pm. Lots of room for expansion in sales and on the physical property.

Asian Bar Restaurant for sale
Price: $150K
Sales: $412K
Owner’s Benefit: $70K
Asian restaurant in the radius of Downtown Orlando. Located in a free-standing building so it could be converted to any concept. Rent is only $2,700 a month including CAM. Business has a full kitchen with hood and walk-in cooler and seats over 60 people. All financial numbers are straight from the tax records.

Fast Food Franchise For Sale in Orlando
Price: $275K
Sales: $853K
Owner’s Benefit: $140K
Well-known fast food burger franchise for sale in the Orlando area. Financials come from the profit and loss statements and tax records. Restaurant has been in business since 2006.


Italian Bar & Restaurant with 4COP SRX full liquor license

Price: $275K
Owner’s Benefit: $107K
Great opportunity to own an Italian Restaurant with a 4COP SRX liquor license. Both the restaurant and bar have a huge upside potential. Less than $3,800 a month rent in the Orlando area? We weren’t able to.

Mediterranean Restaurant with Small Bar located in a Free-Standing Building
Price: $100K
Owner’s Benefit: $60K
Business has a full kitchen, 40 seats and an 8 seat bar area. Currently has a beer and wine license.

Asian Restaurant & Bar For Sale in Orlando and Central Florida
Price: $149K
Great looking Asian restaurant. 2,700 square feet in addition to outdoor seating. Business premises has a large kitchen with a massive hood system, walk-in cooler and a bar area.

American Cafe For Sale in Orlando – 25-year reputation
Price: $250K
Sales: $847K
Owner’s Benefit: $114K
Cafe Style eatery with a welcoming family atmosphere.