Listing #: 109-10378
Category: Food/Restaurant
  • Listed Price $ 1,100,000
  • Down Payment $ 1,100,000
  • Gross Sales $ 2,956,726
  • Total Income $ 691,315
  • Equipment/Fixtures$ 150,000
  • General Location Palm Beach County
For more information contact:
Martin Berliant
Office: (561) 827-1181
Cell: (561) 827-1181
Office Website

Premier Italian Restaurant

Premier Italian Restaurant for sale with fabulous lease and extremely high cash flow! Grossing just under $3M in 2017 with owner benefit of  approximately $700K. Transparent financials available for review. Located in high-end part of Palm Beach County, this restaurant seats 72 and has full 4COP liquor license. Ten year lease in place; current rent is $5200/month. Owner spent over $300K on deluxe build-out and fabulous decor. Fully equipped kitchen, POS system, ample parking, highly trained staff of 30 (including two managers) and tremendous goodwill. Owner is partially absentee. Asking price of $1.1M, and owner will consider holding a Note for a portion of the purchase price.  Hours are sun-thur 3pm-10:30pm, fri-sat 11:30am-11pm. Please contact Martin Berliant at 561-827-1181 or email for more information. Nondisclosure form and proof of funds is required.

Financial Information

  • Gross Sales:$2,956,726
  • Total Income: $691,315
  • Listed Price:$1,100,000
  • Down Payment $1,100,000

Financing:

Assets & Lease Information

  • Inventory: $2,000
  • Leasehold Improvements: $150,000
  • Equipment/ Fixtures: $150,000
  • Base Rent: $0
  • Total Rent: $5,200
  • Rent Deposit: $0
  • Year Established: 2016
  • Square Feet: 1,500
  • Lease Ends: 10/2026
  • Lease Options:
  • Categories: Food/Restaurant
  • Other Assets:

Additional Information

  • Full-Time Employees:30
  • Part-Time Employees: 0
  • Contract Staff: 0
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  • Training Period: two weeks
  • Special License Required:
  • Reason for Selling: other locations

First Choice Business Brokers

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.