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Successful Italian Restaurant In Ocala For Sale

Ocala, Florida, US
Asking Price:
$470,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,324,000 (USD)
Cash Flow:
$235,000 (USD)

Great location & growing - near On Top of the World & World Equestrian Center.

A turn-key business for sale. Established for 6 years of stable income and growth. Big growth potential with take out with delivery app and marketing. Near on top of the world (with plans of 10,000 more homes being built, and World Equestrian Center). Very profitable restaurant fully equipped kitchen and bar, completely remodeled end of 2019 by current owner with updated furnishings, restrooms, and more! Outstanding reputation generating great revenue with a loyal and stable clientele. The restaurant offers both dine-in and express take-out and is currently open daily from 11:00 am to 9:00 pm. It’s menu of authentic Italian dishes as well as its extensive choice of Brick Oven Pizzas make it one of the area’s favorite Italian experience.

It is very well located in a shopping Plaza anchored by a high-end grocery store with ample parking for its patrons. It fronts a busy highway in the thriving community of Ocala, FL. Owner works minimal hours with a Great Staff!

Property Information

Real Estate:

Lease

Leasehold Rent:

$5,900 (USD) per annum

Location:

The rented unit is 3,500 Sq Ft and the current lease runs through Oct 2030 with a 5 year option after that. The rent is $5,900 and the Restaurant offers a total of 160 seats.

Size in square feet:
3,500

Business Operation

Expansion Potential:

The restaurant has been developed by its current owner with growth in mind. The owner suggests that a new owner may want to actively pursue Catering which he has not done extensively. He believes there is a strong demand from a number of venues. The owner believes that the delivery options to the customers could be improved.

Competition / Market:

There are a number of Italian and Pizza restaurants in the community varying in size and quality.

Reasons for selling:

Located too far from Owner's other Restaurants

Trading hours:

Daily from 11am to 9pm

Employees:
22
Years established:
2

Other Information

Support & training:

Two weeks at no cost

Furniture / Fixtures value:
$275,000 (USD) - included in the asking price
Inventory / Stock value:
$15,000 (USD) - included in the asking price

Contact VR Business Sales of South Tampa

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