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Italian Restaurant and Bar for Sale in Tampa Bay Area

Reference #: 41462316
Location: Tampa Bay Area
Price: $400,000
Amount Down: $400,000
Revenues: $219,585
Discretionary Earnings: $21,078
Total Assets: $200,000
Business Description:

This restaurant/bar operates in a popular business center on US 19N. The food is cooked to order by the owner who is originally from Italy. Only the freshest ingredients and spices are used to create quality cuisine. The restaurant/bar’s 2009 annualized earnings are $21,078. The menu offers a wide selection consisting of sautéed dishes, salads, seafood, veal and chicken. The restaurant provides free Wi-Fi to customers and offers nightly entertainment services provided by a DJ Sunday-Thursday. Live music and dancing is available on weekends and draws crowds from the local neighborhoods and hotels. The owner has previously operated restaurants in the Tampa Bay area before opening this prime location in early 2007. The business is close to Tarpon Springs which attracts tourists who enjoy the food and dancing. The business was designed with separate the bar and dining area in order to accommodate customers who want to play games, or watch the numerous TV’s without disturbing the guests who are dining. This is an outstanding opportunity for a buyer who can develop this successful top-rated restaurant, expanding and building brand awareness through extensive advertising means.


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The information above has been provided by the seller and/or the seller's financial advisors and has not been verified by this independently owned office, its representative, or VR. This independently owned office, its representative, and VR make no warranty regarding the accuracy of this information and advises prospective buyers to conduct their own due diligence prior to purchasing any business.