Classic Italian Fine Dining

November **, ****

Over the past 33 years, Joseph and Colleen

Pisacreta have long embraced their passion of serving traditional homemade Italian cooking to their loyal clientele, family and friends. Established in their home state of New Jersey, IL Giardinello’s delivers a true taste of Italy along with warmth of feeling right at home in a family-owned and operated dining experience. Every dish is prepared with fresh ingredients, the finest herbs and spices, showcasing the Pisacreta’s decades of love and devotion to their very personal menu.

Joseph and Colleen were born not too far from the Big Apple NYC and met and married in their 20’s. Recognized as tried and true business entrepreneurs with a proven track record, the Pisacretas also raised a busy Christian family (now 4 adult children); all while serving their community in business and charitable efforts. IL Giardinello’s has garnered many awards and acknowledgements throughout the years, but now Joseph and Colleen are looking to the next chapter and adventure. Longing to relax in the beauty and southern hospitality of the Emerald Coast, these Sandestin homeowners of 3 years, would love to be a vital part of Sandestin and The Village of Baytowne Wharf family.

Attached is a rough estimate of anticipated investment and costs for the Pisacreta’s new Casa Italiano located in 111 Cannery Lane. We look forward to discussing business opportunities and collaborating on a comprehensive plan with Imperium Blue. Blessings,

Joseph and Colleen Pisacreta

864 Molde Court

Toms River, New Jersey 08753

Home phone: 732-***-****

Colleen cell: 732-***-****

Joe cell: 732-***-****

IL Giardinello Ristorante

1232 RT 166 (Stella Towne Center)

Toms River, New Jersey 08753

732-***-****

www.ilgiardinello.com

Financials:

Excellent credit with detailed financials forthcoming. 21 table fine dining grossing over $1.5mil a year with no liquor. We are very loyal to all our purveyors over these years. Established baker since inception that produces our Italian bread.

Anticipated Tenant Dollars = $200k

Kitchen and Dining Room Investments = tables, flatware, glasses, china, expresso machine, pots, pans, dessert area refrigeration and interior art/decorations. We are proposing:

• 10-year lease

• 2 5-year renewal options

• Year 1 - $0 Rent

• Years 2 & 3 $60,000.00 total rent

• Years 4 & 5 $80,000.00 total rent

• Years 6-10 $100,000.00 plus 3% over 3.5 in gross sales This includes all cam and base rent charges.

*Disaster for financial flexibility in the event of federal, state or local pandemic closures and/or catastrophic hurricane impact.

LANDLORD RENOVATIONS:

Mold Remediation: Upon initial site visit, local contractor has indicated the need for completed mold remediation.

Back Deck replacement with addition of poles with screen enclosure. Screen included with this addition?

Back door air curtain overhang for climate control. Kitchen wall expansion (widening) to bar.

Bar Removal – Plumbing?

Wall by bar opened up

Wall addition needed on left on entry.

Total kitchen renovation - Kesco to do kitchen as they bill it can you pay and we start paying you back for that after 6 months until finished.

Paint Exterior and Interior?

Carpet/Flooring

Update bathrooms – New fixtures?

Outside alley to back deck needs to be replace and lighting put in.

“This is comfort Italian food, peasant

Italian food. That’s what people want.

And you can’t reinvent Italian food.”

Customer favorites are

chicken arrabiata, Chilean

sea bass, and stuffed veal

with prosciutto and

mozzarella in white wine

sauce with mushrooms

and homemade garlic

mashed potatoes.

Contact this candidate