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 4COPGreat 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
›Reason for selling: owners going back to Italy
›Hours of Operation:
›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
›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