Italian Restaurant For Sale Spring Hill, Florida
Italian and Pizza Restaurant for sale in Spring Hill, Florida for $149,000! Seller financing is available with $74,500 down. Established business opportunity, currently grossing an estimated $466,547 and nets $111,682. Income based on an owner/operator role. Large restaurant that seat approximately 180 people. Includes all kitchen equipment and restaurant fixtures. Restaurant has a full liquor license and a bar that seats 18 people. Turnkey business with a loyal customer base and great ratings. This is a well established restaurant that currently offers an Italian and gourmet pizza menu for dine-in. Plenty of growth opportunity for this business! Great location on a busy street in a growing area. Motivated seller. Please be advised that the owner will not entertain SBA loans, or third party lending. If seeking additional financing, buyer must be able to borrow against personal assets. For additional lending options Apply Here
Frequently Asked Questions:   Price: $149,000   Cash Flow: $111,682   Financing: Yes   Listing: Active
What is the current gross revenue for this restaurant? The current gross revenue being generated is estimated at $466,547.
How does the restaurant profit? Current profits are generated from the gross revenue, minus food purchases, payroll, supplies, and operating expenses. This will determine your net/cash flow.
Can I finance this restaurant? Seller financing up to $74,500 is available. This business will not qualify for a business or SBA loan. However, if financing is needed for startup cost you can review Additional Financing Options Here.
What are my expenses and overhead for a restaurant business? Expenses will vary for each restaurant owner depending on the type of restaurant, number of employees, and location. Current expenses for this owner include: payroll, payroll taxes, workers compensation, advertising, supplies, food, utilities, property rental fees, permits and licenses, phone, and liability insurance.
Is the restaurant property owned or leased? Currently the owner leases the property. Lease terms remain for 3 years. New owner must be approved by the landlord. Note: New buyer will negotiate and sign lease terms with the property owner.
Where is the restaurant located? This restaurant is located in Spring Hill, Florida. Physical address will be released to qualified buyers upon execution of an NDA.
What type of equipment is included with the sale? Current list of equipment includes: (2) Work Station Coolers, 60 qt. dough mixer, pizza oven, (2) microwaves, kitchen utensils, restaurant furniture.
What is the size and how many customers can this restaurant seat? The restaurant is 6000 sq.ft and can seat 182 inside.
Does this restaurant currently have a beer or liquor license? Restaurant has a full liquor license.
Does the restaurant offer drive-thru or delivery service? There is no drive through or delivery service.
How long has the seller owned the restaurant? Seller has owned this restaurant for 6 years.
Why is the owner selling? Seller is retiring.
What are the hours of operation? This restaurant is operated from 12pm - 9pm Tuesday through Saturday and 4pm - 8pm Sunday.
What type of neighboring business are in the area? This plaza has an attorney, bank clinic, eye doctor and an auto supply store.
What do you recommend when purchasing a business? When purchasing this type of business we recommend forming some type of entity such as an LLC or Corporation to do business under. This not only offer protection for your personal assets, but also ensures protection of your business. If you need help forming this, we recommend that you Form A Corporation Here.
What else should I know? Established Italian and pizza restaurant! Turnkey and move in ready. Restaurant has a loyal customer base. Includes the cost of all equipment. Plenty of opportunity to increase revenue. Priced at $149,000. For additional information and to evaluate this business further Contact Us About This Restaurant Here!
Disclaimer: Restaurants For Sale is a Restaurant Broker that brings buyers and sellers together. Restaurants For Sale does not represent, or is not affiliated with the company or franchise being offered. All agreements are made between the buyer and seller and not Restaurants For Sale. It is the prospective Buyer's duty and obligation to verify the accuracy of the Sellerís representations and if necessary retain attorneys, accountants, business appraisers, or other professionals. The representation of income is based on the efforts of the current owner. As with any business you can make more or less.