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Fine Dining Italian Restaurant In Orlando For Sale

Orlando, Florida
Asking Price:
$825,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,544,592 (USD)
Cash Flow:
$259,017 (USD)

$2018 Sales $1,544,591 which is up by $62K+ over 2017. Rated 4.5 STAR By Google & 4 STARS by Yelp. What's the Upside? It's open only 5 & half days & closed ALL important holidays - including Mothers Day; Demand is clearly there for it to open 7 days a week, additionally after many months Seller was recently approved by COSTCO to sell their gift cards which will also increase sales substantially. Known for Quality Fresh Food and Great Ambiance. Approximately 30% are Beer, Wine & Liquor sales. Excellent financials & SBA lender qualified or E-2 Visa. Seller hired additional staff in 2018 to manage & cook so he can spend more time with family. Seller may stay on as consultant, after the training period. Sellers insists all Buyers are Fully Qualified before showing; "Special landlord requirements for lease assignment, call agent for details". Seller will provide additional explanation for the financials to qualified buyers. **Please be sure to review the attached offering memorandum**

Property Information

Real Estate:

Lease

Lease Terms:

Current Lease expires March 31st, 2023 but there are 2 five year options to renew, therefore the lease shall expire in 2033.

Leasehold Rent:

$10,018 (USD) per annum

Location:

Plaza close to Interstate within a few miles of a high demographic area.

Premises Details:

2,830 Square Feet with a market rate rent of $12,018 per month.

Business Operation

Expansion Potential:

Upside for new Buyers is that it's open only 5 & half days & closed all important holidays; Demand for it is to open 7 days a week and this will increase sales substantially.

Competition / Market:

There's nothing like this amazing restaurant for many, many miles.

Reasons for selling:

Wants to spend time with family. He has taken 2 long vacations in 2019 so far and has plans for more.

Trading hours:

Monday to Friday: 11AM to 10PM,
Saturday: 5PM to 10PM
Sundays - Closed.

Employees:
Full Time 20
Years established:
12

Other Information

Support & training:

2 Weeks at no cost to Buyers

Financing available:

SBA Qualified

Furniture / Fixtures value:
$250,000 (USD) - included in the asking price
Inventory / Stock value:
$5,000 (USD) - included in the asking price
Related Documents:

Contact Information

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