Cucina Gloria Restaurant Business - Bid Here
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- Lot # 001
- System ID # 11141199
- End Date
- Start Date
ONLINE BIDDING ONLY on this website.
Bidding ends Nov. 18, 2021 at 7:00 pm EST. A bid made in the last 15 seconds will extend the auction time by 15 seconds.
Cucina Gloria restaurant in Nokomis, Florida, will sell in its entirety as outlined below. Commercial equipment, appliances, kitchenware, furnishings, antiques and decor, improvements, lease opportunity, highway signage, social media accounts, customer loyalty, and goodwill.
Cucina Gloria is an Italian restaurant and Pizza Kitchen located in Park Isles Plaza, on highly visible Tamiami Trail (Hwy 41) in Nokomis, FL, with annual average daily traffic count of 39,000 vehicles.
It operates from leased space, which has been used as an Italian/pizza restaurant for several years. Formerly, it was Joseph's Diner; the current owner bought it in late 2019 for $95,000. This timing was unfortunately just before the pandemic closures and a steep decline in dining out. Even during the pandemic, though, the owner pressed forward and built the business. He rebranded as Cucina Gloria, and created an upscale dining atmosphere which was well received, along with excellent cuisine. Improvements worth over $24,000 at that time included:
Bar remodeling $ 800.00
Ceiling removed and updated 3,000.00
Granite work in kitchen area 3,500.00
Flooring & tile including bathrooms 6,000.00
Electrical work & upgrades 10,000.00
Plumbing upgrades 1,000.00
The result has been a beautiful restaurant with permitted seating for 66 indoors, and extra outdoor seating too. Cucina Gloria has been featured in local advertising and media, and has hosted live music and other events to draw a crowd. As the pandemic has retreated, more customers have begun to find this upgraded little gem in Nokomis, and have given the restaurant glowing reviews. At this point, however, the owner must sell his beloved business due to health and other reasons.
Although he has invested about $120,000.00 in this business, the owner is willing to sell it for just a fraction of that. If the reserve price is not met, he will consider the best offer otherwise, so bid your best. Once the reserve price is met, the high bidder will win. This is a prime opportunity for the next owner!
Equipment & Furnishings: Typical Retail Value:
7 Booth Banks $ 1,000.00
9 Tables with Chairs (mostly 4 top) 900.00
8 Barstools 400.00
4 Tiffany Style Hanging Lights, above bar 800.00
Small Server's Station 100.00
Baker's Rack 100.00
Ice Maker 600.00
Rolling Utility Tables 100.00
Stainless Steel Triple Basin Sink 500.00
Commercial Dishwasher (buyer can assume existing contract)
Rolling Prep Table 100.00
Baker's Pride Single Door Oven, Gas 2,000.00
Refrigerated Pizza Prep Table 1,200.00
Sunfire 10-Burner Gas Stove 3,000.00
Trays, Pots, Pans, Numerous Cookware -
Tri-Star Double Basket Fryer 1,500.00
Ansul System, Built In Fire Protection -
Refrigerated Double Door Prep Station 800.00
Superior Single Door Freezer 1,500.00
Arctic Air Double Door Freezer 3,000.00
Stainless Racks, Shelves, More -Storage Area 500.00
American Panel Small Walk-In Refrigerator 800.00
Hobart Stand Mixer, L-800 w/ grinding wheel 3,000.00
Perlick Refrigerated Unit, 2 Shelf 1,000.00
Duckers Refrigerated Unit, 2 Shelf 1,000.00
Large 8'x30" Stainless Serving Table 500.00
Triple Door Cooler, Icon Series 400.00
Bunn Coffee and Tea Maker 300.00
Ice Cream Freezer, 8 Barrel 500.00
Delivery Bags -
Plates, Trays, Glasses, Flatware, Etc. -
3 Infant Chairs, 2 Booster Chairs -
Washer and Dryer, Extra Dryer 200.00
Other: Some additional decorative art and lighting and other items are available for purchase if the buyer is interested. Social media pages on Facebook and Instagram are included in the bid. Use of the Cucina Gloria name is included; or the buyer may choose to rebrand.
All bidders must use due diligence and inspect the property and equipment without relying on this listing. Everything will sell in as-is condition, no guarantees expressed or implied. The accompanying photos illustrate the restaurant in operation and were taken over the course of the past two years. Photos do not necessarily represent the actual auction items and contents included. Preview appointments are welcome; please call or text 941-544-8640.
Purchase of the business requires executing a new lease agreement with Park Isles Plaza. It will be $3,000 per month for 2 years, with a flexible option to renew after. To be clear, we are not offering equipment for removal at this time.
Winning bidder will be required to make a $3,000 deposit, plus first and last month's lease, in addition to the bid amount plus a 10% buyer's premium. Water charge is a fixed $250 per month because water has a common meter for the plaza. Other utilities are able to be set up by new tenant.
AUCTION TERMS: 10% buyer's premium. Again, in addition to the bid amount plus buyer's premium, a $3,000 deposit will be required, plus the first and last month's lease.
Collin A. Painter, auctioneer