Italian Restaurant for sale in Hollywood | Get your Visa

Restaurant Business, an Italian restaurant in the heart of Hollywood.
Asking price: $499,000.00
2015 Sales: $750K– sales increased more than 50% from 2014.
Liquor license 4COP
Great for investors Visa
Great opportunity to acquire a small operation working with local clientele.
Romeo’s Pizzeria & Italian Family Restaurant Inc DBA Il Posto.
Address: 4525 Hollywood Blvd, Hollywood Florida 33021
Area: 5,000 Sq Ft
Price: $499,000.00
Reason for selling: owners going back to Italy
Hours of Operation:
Lunch. 11-2.30
Dinner 5-10
Closed on Sundays. (opportunity to open an add value)
Liquor License 4Cop. Included with lease, stays with building.
Licensed for 204 people
Actual: 40 tables and 110 chairs
Financial Information
Gross sales 2015: $712.167.00+
Gross sales 2014:
     $421K (sales increased more than 50% in one year)
Lease option: 3+5 option. 3% increase yearly.
Lease amount: $4,585.56
Net Operating Income: $110,000.00
Capitalization Rate: 15%
Chef and Owner/Manager Salaries included in expenses
Inline image 1
Inline image 2
Inline image 3
Inline image 4
Inline image 5

FABRIZIO CACCIATORE
REALTOR

212.518.8829 Cell
1335 LINCOLN ROAD
MIAMI BEACH, FL 33139

courtesy of Rich Realty Investments

Comments