000 Owner Benefit Vero Beach, FL 32960
- Retail properties
- 1,200 SF
Current Use by Public Records
- Retail properties
Property Details for 000 Owner Benefit
- Year built
- 2007
- Property size
- 1,200 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This established Italian restaurant in Vero Beach, Florida, presents a fantastic investment opportunity. Boasting over $820,000 in annual sales and a net owner benefit exceeding $150,000, this turnkey operation is currently open five days a week for dinner only, offering significant potential for growth by expanding hours and adding lunch service. Located in a desirable neighborhood, this 1,200 square-foot restaurant has cultivated a strong local reputation for its delicious pizza, pasta, and other Italian specialties. The current lease runs until March 24, 2027, with a three-year renewal option available at a low monthly rent of $2,500. The sale includes all equipment, a fully functional kitchen featuring a Bakers Pride double-stack pizza oven, two six-burner stoves with convection ovens, a fryer, sandwich units with refrigeration, a grill, ample stainless steel prep tables, a Toast POS system, walk-in cooler, reach-in freezer, and two mixers. The dining area comfortably seats 32 guests. The current owner, retiring after many years in the business, will provide two weeks of training and recipe support to ensure a smooth transition for the new owner. This is a rare chance to acquire a profitable, well-established restaurant with substantial upside potential in a prime Vero Beach location. The sale includes a beer and wine license. Eight employees are currently on staff. This is an asset sale, not a franchise.
Value Estimation
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Vero Beach
- County
- Indian River
- State
- Florida
- Longitude
- -80.4048
- Latitude
- 27.6445
