Price: $695,000
Location: Palm Beach County
Industry: Restaurant and Food
Listing ID: 42734540
Listing Status: New
Rare franchise opportunity for sale. Well known Italian restaurant chain, great location in Palm Beach County. Experienced management team in place.
Good books and records, annual sales over one million dollars. Located in busy plaza that brings walk in clients. Spacious parking and low rent.
Loyal, repeat customers. Generous family style portions, affordable lunch specials. Has inside seating for 90 people, outside 30 people. Seller is very motivated. Seller financing available for qualified buyers.
Down Payment: $545,000
Total Sales: $1,057,189
Cash Flow: $266,416
EBIT: N/A
EBITDA: N/A
Accounts Receivable: N/A
FFE: $75,000
FFE Included: Yes
Inventory: $10,000
Inventory Included: Yes
Year Established: 2008
Year of last Acquisition: 2008
Days & Hours of Operation: Monday-Saturday 10:45AM–9:45PM, Sunday 11:45AM–9:45PM
Owner Hours Per Week: 40
Non-Owner Payroll: N/A
Employees: 16
Managers: 1
Absentee Owner: No
Lease Option: Two 5 years option available
Real Estate: N/A
Real Estate Included: No
Monthly Rent: $5,423
Type of Location: Retail Plaza
Square Footage: 2000
Franchise: Yes
Relocatable: No
Reason For Sale: Personal / Family
Training & Support: Seller provides training for two weeks at no cost.
Financing/Terms: $150,000 is financed for 36 months at 7%.