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Executive Summary

The restaurant has just been expanded from 43 seats by adding 16 additional covered outdoor seats, which has improved volume since completion in September. Previously, some walk-in customers had to be turned away or wait considerable time for seating because of the indoor capacity. It is located in Sarasota on the beautiful west coast of Florida. It is an exquisite lakeside Italian restaurant located as part of a major golf course and retirement community and draws also from a number of surrounding area high end developments and has a strong following. It has been in business since 1989, and has been under current ownership for over the last five years. The owner has other business interests and plans to relocate. Sales have increased each year. The expansion should also attract additional business during the summer months because customers have asked for it. The business is open only for dinner daily from 5:00 PM to 9:30 PM. The restaurant has a 2COP beer and wine license. Further growth opportunities include opening for lunch and expanded hours. There is no nearby competition. This is an ideal opportunity for an owner/operator. Owner will consider seller financing for a qualified buyer on a case-by-case basis.