Businesses for Sale RETURN

LISTING#: BBF-95140031 Restaurants (Full Service): Italian Restaurants
Restaurants|Italian Restaurant
LOCATION: Florida --> Southwest Florida --> Charlotte County - Right on US 41
ASKING PRICE
$650,000
AMOUNT DOWN
$300,000
REVENUES:
$2,640,000
ADJUSTED CASH FLOW
$266,000
TOTAL ASSETS
$105,000

This is a long established and well known Italian Restaurant with a full bar. Licensed 4 COP SRX (51/49) liquor licence. There are 150 seats inside plus a patio with 25 seats. In 1981 the owners moved from NY to Port Charlotte FL, and in 1982 opened the first Italian Restaurant in Englewood. In 1985 they moved to a better location in Port Charlotte. However, with their reputation as best N.Y. style pizza and best Italian food in town, they were growing more and more with clients lining out the door. Therefore in 2002 they bought a bigger facility, a 6K S.F. free standing building with a prime location in Port Charlotte right on US 41. The restaurant has a banquet room that seats 50 persons for private parties, business meetings or for family events. Also, the restaurant does catering, delivers a full menu, and offers a daily chef specials. In the asset/equipment list are included 5 delivery vehicles (4 Kia's and a Nissan van). Note: 2023 part Year is from Jan thru Sept. Note: The Seller owned property is also available for sale at $1,850,000. two Separate Seller partial financing for business and for property sale. Rental is gross monthly amount.

The owners (husband and wife) do not work and do not have any duty in their business. However, the husband is there for a few hours, almost every day, to supervise the activity!

 
Contact:  Lino Galati
Phone:  (239) 284-1317
E-Mail:  lino@truforte.com
Truforte Business Group
8270 College Pkwy Suite 105
Fort Myers, FL 33919
www.trufortebusinessgroup.com

FOR MORE INFORMATION Please complete the following:

* required information



security code
refresh image

Enter Security Code:

 

© 2023 Business Brokerage Services