This one of a kind, profitable, beautifully appointed, full service sit down Italian restaurant is turnkey; located in busy UTC and surrounded by office buildings, high-end townhomes, apartments, and the Westfield Mall. LOCATION, LOCATION, LOCATION. The shopping center is beautifully designed and has long term restaurants who are thriving. The restaurant enjoys a central, high visibility location within the shopping center The owner is selling because he operates a thriving food truck business which he wants to expand. A partial list of the furniture, fixtures, and equipment included in the sale follows: Walk-in refrigerator; (3) compartment sink; (2) microwaves; Gas oven; electric oven; (2) 3 x 3 grills; Hood with Ansil system; ice maker; dough mixer; Meat slicer; (5) freezers; two basket deep fryer; dishwasher; Bev Aire refrigerator; (2) prep tables with underneath refrigerated compartments; coffee maker; hand sink; (55) interior chairs; (14) exterior chairs; (24) interior tables; (7) exterior tables; (2) POS and (3) printers; (4) stainless steel tables; (8) stainless steel wall racks; (4) metal office racks; Misc. glassware, cookware, cutlery, and flatware. The Espresso machine and the coffee grinder is owned by the coffee supplier and will remain if the coffee supplier is retained by the purchaser. Pepsi dispenser and artwork are not included in the sale. The ABC license has a restriction although the owner is not aware of the specifics. Back of the house by appointment only. Do not disturb employees who are unaware of the sale.

General Info

  • OrganizationCorporation
  • Established2015
  • Current Owner2015
  • Employees6 FT; 3 PT
  • Reason For SaleConsolidating

Facilities

  • Seating70 interior; 14 patio
  • Square Feet1970
  • ParkingNon reserved within shopping center
  • LicensesABC 41; County Health Permit; City Business Permit
  • Open HoursM-TH 11A-9P; FRI 11A-10P; SAT 11:30A-10:30P; SUN 11:30A-9p

Lease

  • Rent$11,727 includes NNN charges
  • Expiration9/30/23
  • Yearly Increase3%
  • Option1x5 year at Landlords discretion
  • Deposit$10,507

Financials

  • Monthly Revenue$63,118
  • Monthly Cash Flow$8,361
  • Annual Revenue$757,412
  • Annual Cash Flow$100,337
  • PayrollContact For Info

Financing

  • Down Payment$Contact For Info
  • Note Balance$Contact For Info
  • Terms of NoteContact For Info
  • All CashContact For Info

DISCLAIMER: The above financial information was supplied by the seller and has not been verified by broker. Broker makes no representation about the accuracy or completeness of the information and does not guarantee future performance. It is the responsibility of a prospective buyer to make their own inspection of all financial and other business records, and to seek independent financial and legal counsel regarding any purchase of this business and/or real estate.

Location