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BUSINESS FOR SALE - PROFILE #  42081377

Italian Restaurant
North Naples

Asking Price: $1,200,000   Down Payment: $1,200,000  
Gross Revenue: $1,067,996   Adj. Cash Flow*: $303,108  
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Executive Summary
Known throughout SW Florida and available for acquisition, is a long-standing Italian Restaurant with ever increasing profits. Stand alone building with 170+ seats (property may be leased or purchased). CBS construction, large fully equipped kitchen, separate bar area, substantial dry and cold storage, plenty of parking, great frontage and high traffic counts. Operation comes with 4COP liquor license (transferable). THE FINANCIALS REFLECT A DINNER ONLY OPERATION, providing the new owner with an excellent value and opportunity with the addition of lunch. Delivery also available.  In summary, a very stable and proven operation with tremedous upside. Restaurant has just gone through a major renovation costing over $100K. Please note 2017 numbers are due to hurricane Irma. Out of operation for 3-4 weeks.

Acquisition Highlights

  • Training Information:  2 weeks
  • This business is not a franchise
Business Synopsis

Asset Information (estimated fair market value)

Established in: 1990 Inventory:
Employees: 10 FT, 10 PT , 1 Mgrs Furniture, Fixtures & Equipment: Included
Real Estate:
Building Sq Ft: 4200
    Total Assets Included in Sale:
 
* Adj. Cash Flow -  Recasting provides an economic view of the company and allows meaningful comparison with other investment opportunities.
Additional business details are available to Principals only. You will be required to document your ability to complete the proposed transaction.  Please use this link to request more INFORMATION which will be sent to the listing office.
DISCLAIMER: All information contained in this document has been provided by the subject company or its agent, and while believed to be correct has not been verified. Accordingly, we makes no representations or warranties as to the accuracy and truthfulness of such information. The recipient hereof acknowledges that we shall not be liable for any loss or injury suffered by said recipient in any way connected to the delivery by us of this document. At all times we are an agent for the seller and not for the buyer unless a specific agreement exists for us to act as the buyer's agent.

FOR MORE INFORMATION:

Contact:  Joel Soorenko
Phone:  (239) 596-8200
Fax:  (239) 344-8304
E-mail:  info@vrnaples.com
VR Business Brokers - Naples, FL
2950 Tamiami Trail North
Suite 200
Naples, FL 34103
www.vrnaples.com
The above company and/or agent is a licensed real estate broker/and or a business broker.
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