Established Italian Restaurant For Sale (w/SRX Full Liquor License)

Saint Petersburg, FL

Seller Financing Available

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Asking Price:$475,000
Gross Revenue:$850,000
FF&E:$35,000
Cash Flow:$170,000
Inventory:$15,000
Established Year:1994
BUSINESS DESCRIPTION

Viewpoint Realty International and agent Anthony Maccaroni are proud to present this highly successful and established Italian Restaurant for sale. It's located in a prime area in the heart of the Pinellas County Beach resort market. This restaurant has been in business for over 30 YEARS! Benefit from their loyal customer base and excellent reputation. This approximately 4000sf restaurant features three large dining rooms with seating for over 150 people, a coffee bar and fully equipted commercial kitchen which includes a large hood, 20 burners, oven, fryers, bay marie, walk in cooler, large reach in coolers,large prep area with tables,slicer, mixer and much more. Large bar with full liquor service (SRS License), Four restrooms, service area, storage and more. Favorable lease terms, Great parking and high visibility. Call today to request specific location, additional information, video tour and/or to schedule a tour of the restaurant.


DETAILED INFORMATION
Location
Saint Petersburg, FL
Inventory
Included in asking price
Employees
13
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Aksing price includes all FF&E
Competition
Less competition now since many of the local restaurants in the area were flooded. This restaurant had minimal damage and was back in business within a few days of the storms.
Growth & Expansion
New owner can open for lunch and likely gross over $1M/year
Financing
Ask agent about owner financing.
Support & Training
Owner will stay on for 30 days to train. Existing staff will stay.
Reason for Selling
Seller wants to move out of the area
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Georgette
Gillis
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Georgette Gillis