Italian Restaurant For Sale – Cape Canaveral, Florida
Italian Restaurant for sale in the Cape Canaveral, Florida area for $79,000! Asset Sale! Located on a busy highway in an established plaza near other restaurants, businesses, and residential communities. Includes all kitchen equipment and restaurant fixtures with an estimated value of $30,000. Move in ready for those who want to launch their own business model. Seats 52 inside. Plenty of growth opportunity for this business!
Frequently Asked Questions:
What is the current gross revenue for this restaurant?
This is an asset sale. Great opportunity for someone looking to venture into a similar business. The space has been built out to accommodate and operate as an Italian Restaurant.
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?
There is no seller financing available. However, if financing is needed for startup cost, you can review 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, repairs and maintenance, supplies, food, utilities, property rental fees, bank charges, permits and licenses, phone, and insurance.
What type of insurance do I need?
In most cases restaurant owners will need a minimum of the following insurance policies: business liability, worker’s compensation and business property insurance. Restaurants For Sale now offers discounts on insurance! Through our size and volume, we have partnered with some of the largest insurance brokers in the nation to offer the best rates. Request Your Free Insurance Quote Here.
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 the Cape Canaveral, Florida area. 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: walk-in cooler, display cooler, walk-in freezer, ice machine, prep table, dough mixer, salad bar cooler, double-door oven with flat grill and 6 burners, fryer, pizza oven, tables and chairs, kitchenware, and more. Estimated value is $30,000.
What is the size and how many customers can this restaurant seat?
The restaurant is 2400 sq.ft and can seat approximately 52 inside.
Does this restaurant currently have a beer or liquor license?
No, there is no beer or liquor license included with this sale.
Does this restaurant offer drive-thru or delivery service?
There is no drive-thru but the current owner is offering delivery service through GrubHub, Uber Eats, and Mr. Delivery.
How long has the seller owned the restaurant?
Seller has owned this restaurant for less than 1 year.
Why is the owner selling?
Owner is pursuing other business opportunities.
What are the hours of operation?
This restaurant is open from 11am – 8pm Tuesday to Thursday, 11am – 9pm Friday and Saturday, and 12pm – 8pm Sunday.
What type of neighboring businesses are in the area?
Neighboring businesses include gas stations, restaurants, car rental locations, and other businesses.
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 restaurant in a great location! Move in ready. Includes the cost of all equipment. Huge opportunity to increase revenue. Priced at $79,000. 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 Seller’s 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.