Business Summary:
This restaurant is located in the heart of Sarasota. Originally established 8 years ago, it has been voted the best Italian food in Sarasota. The restaurant has been renovated for 3 months in the fall and has developed a full service bar and large outdoor seating area.The terms of the sale are $75000 minimum down payment and the balance will be finance at 2.5% interest over 10 year amortization.The possession date is 30-45 days from date of offer.All buyers must be prequalified with a credit application and non disclosure agreement in advance of discussing further details of the restaurant. All acceptable candidates for the financing must have a credit score over 620 and no criminal record. All staff is in place and ready to carry on however confidentiality is essential for a smooth transition.low priced lease - 7000 square feet of indoor and outdoor space for $4000/month which graduates to $5800/month in year 7. The renewal price is guaranteed to be less than 15% increase for the entire renewal termThe business sales will be an asset sale only and the buyer will require their own corporation.
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| Year
Business was Established: 2005 |
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| Number of Employees:
3ft/14pt |
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| Facilities / Terms of Lease:
7 year + 7 years |
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| Potential
Growth/Expansion:
private functions, expansion of lunch service/take out could add another 20k per month |
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| Competition:
The heart of Sarasota is blessed with a number of different restaurants however this location is unique in that it is one of the only restaurants with live outdoor music under cover |
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| Owner
willing to finance:
75% financing available @ 2.5% interest |
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| Owner
willing to train:
2 weeks |
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| Reason for selling:
Owner relocating internationally |
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Seller Reference Number: cg040713
BusinessMart.com Listing Number: 138043 |
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