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

FABRIZIO CACCIATORE

REALTOR

fcacciamiami@gmail.com

212.518.8829 Cell

1335 LINCOLN ROAD

MIAMI BEACH, FL 33139

courtesy of Rich Realty Investments