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Business Listed by

Sunbelt Orlando

Contact: Brian Gurney
Office Phone: 407-960-7390
Mobile Phone:
Listing ID: ORLANFL001-N1925

Italian Restaurant SBA Qualified with $46K Down

Financial Information

  • Asking Price: $289,000
  • Gross Revenue: $601,111
  • Cash Flow: $98,191
  • Down Payment: $46,000
  • FF&E (Included): $71,396
  • Inventory: $3,000
  • Financing: No

Business Location

  • Osceola
  • Osceola
  • Florida
Primary Business Category: Restaurants

Established lunch & dinner restaurant with long term, experienced staff & established customer base. Same owner & location 25 yrs. Often voted "Best in Class".Strong Community involvement in quaint, revitalized area. All recent, disruptive construction in the area has been completed. Outstanding growth opportunities by opening on the weekends, expanding delivery service and growing catering business. Excellent books & records with CPA involvement. Top of the line equipment in excellent condition. Owner will provide training for smooth transition. Business has been pre-qualified for SBA financing with $46,000 down. Business may also qualify for a Visa.


Competition Description


Growth / Expansion overview

Plenty of room for expansion


Support / Training Comments

Seller will provide two weeks of training at no cost to buyer


Financing Comments

Qualified for SBA Financing with $46,000 Down - Balance financed for 10 years at 8.25% - Monthly payment $2,985.00


Reason For Sale
Retirement
  • Home Based: No
  • Year Established: 1993
  • Franchise: No
  • Year Acquired: 1993
  • Willing to Train: Yes
  • Relocatable: No
  • Required Licences: Restaurant

  • Is Property Leased: Yes
  • Real Estate Available: No
  • Real Estate Included: No
  • Real Estate Value: N/A
  • Days Open: Monday thru Friday
  • Hours Open: 10AM - 8PM
  • Fulltime Employees: 5
  • Part time Employees: 6
  • Is Management Staying: No
  • Distressed: No
  • Monthly Payroll: $0
  • Building Size: 2250 sq ft
  • Monthly Rent: $2,963
  • Lease Expires: 12/31/2019

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