Excellent Restaurant Opportunity Palmer Ranch Area

Undisclosed Address, Sarasota, FL 34233
Business Opportunity for Sale
Catylist Listing ID: 30486957
Property Subtypes: Food and Beverage
Building Size (RSF): 1,400 SF
Sale Price: $100,000
Name of Establishment: Piada Mania
Business Website Address: eat@piadamania.com
Gross Revenue: $0 (Annual)
Cash Flow: $0 (Annual)
Last Updated: 9/4/2019

Overview / Comments

A Chef's Dream! This is a beautifully maintained turn-key operating restaurant in the affluent Palmer Ranch area of Sarasota. Located in an active Publix anchored center within a 5 mile radius population of 137,000 with average HH income of $95,000+.

Current owners have developed the location as a Northern Italian-style Restaurant and will work with new owners for 30 days to continue operations for a smooth transition, OR easily can be re-purposed to be a breakfast-lunch cafe or other style restaurant.

TOTAL RENT ONLY $2500/month (approx.) for this 1400 square foot restaurant and includes outdoor patio seating. 3 1/2 years on current lease with 5-year extension.

Additional Details

Industry Segment: Restaurants
Reason for Selling: Personal Reasons
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: $2500/month (approx.)total occupancy. 1400 sf, 3-plus years on primary terms with one-five year option
Seller Financing Description: Seller may finance portion

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