Well Established Italian Restaurant for Sale in Sarasota

Business Opportunity for Sale
Catylist Listing ID: 30255462
Property Subtypes: Food and Beverage
Building Size (RSF): 1,989 SF
Sale Price: $295,000
Name of Establishment: Well Established Italian Restaurant
Business Website Address: http://sarasotasignaturerestaurantsandbars.com/listings/
Franchise Parent Name: N/A
Year Business Established: 2000
Gross Revenue: $514,000 (Annual)
Cash Flow: $479,000 (Annual)
Sale Terms: Cash. Seller financing not available.
Auction License Number: N/A
Last Updated: 4/19/2019

Overview / Comments

This sophisticated restaurant is well known throughout Sarasota and is in excellent condition! It's located in a newly renovated plaza close to Siesta Key Beach. No capital investment needed beside the purchase price. Busy strip mall with an abundance of foot and motor traffic and plenty of parking is available in the newly paved lot. Positive cash flow. Offers a Traditional Italian menu and regional specialties for dinner Monday through Saturday. Seats 90+.

• 2COP License
• High Traffic Area
• Renovated Plaza
• Fully Equipped Kitchen
• 1,989 Square Feet

*Due to confidentiality, the photos depicted are not actual photos of the properties.

Additional Details

County: Sarasota
Industry Segment: Restaurants
Reason for Selling: Retiring
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $43,000
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: 3,135.00 + NNN
Employee/Labor Description: 9 Employees
Mgmt/Training Support Description: 30 Days training after closing
Seller Financing Description: N/A

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,403 83,281 168,325
Median Age: 41.53 45.43 47.86
Households: 6,284 37,116 77,217
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