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Wisconsin Business For Sale |
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| ITALIAN RESTAURANT WITH BAR |
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| Attn: Tim Bullard |
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| West Allis, WI, USA |
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| Asking Price: |
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$595,000 USD USA Dollars |
| Business for Sale Industry: |
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Food & Beverage: Restaurants, Fast Food, Deli |
| Reason for Selling: |
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Retiring |
| Year Established: |
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1983 |
| # of Employees: |
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8 |
| Yearly Revenues: |
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$229,298 |
| Yearly Cash Flow: |
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$46,086 |
| Yearly Net Profit: |
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$10,614 |
| Yearly Gross Income: |
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$229,298 |
| Monthly Payroll: |
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$3,383 |
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Business for Sale Overview:
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Italian American Pizza restaurant with bar on a major street in West Allis. This restaurant seats 99 and has a large kitchen. Owner has operated for 25 years and has a loyal blue collar base. The current owner has been in retirement mood the last 5 years. He opens at 3:30PM each day and closes at 10:00PM. If a new owner would open for lunch and stay open later in the evening, you could more than double your revenues.
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Property Features and Assets:
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This is a brick building on a corner lot with a small parking lot in rear of building. The bar was remodeled three years ago and pizza oven is 2 years old. There is a 3 bedroom, 1 bath apartment above and a duplex next door with 2 bedrooms and 1 bath in each unit. Rents brings you $1,725 a month. |
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Market Competition and Expansion:
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This is a great blue collar, double income family neighborhood with a loyal customer base. If the new owner opened for lunch and stayed open later in the evening with a limited bar menu, add a little marketing, you could more than double the revenues. |
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Additional Details:
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- The property is owned.
- The owner is willing to train/assist the new owner.
- The owner is not willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise opportunity.
- This is not a distressed business or bankruptcy situation.
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