Owner Financing is Available
Business for Sale Overview:
Turn-key opportunity at a great price! Established and profitable Italian restaurant has been a fixture in the local community for 17 years and at this city center location for 3 years. Extensive menu of popular lunch and dinner choices at attractive prices. New refrigerated 40-item Salad Bar. Liquor license. Many possibilities for growth. Add Pizza for sales increase. No competition. Sunday Brunch and catering were profitable but dropped due to reduction in owner work hours. Located on a busy thoroughfare in downtown of medium Central IL city. Good evening dinner crowd with Fri/Sat night full house. Currently open Mon to Sat, 10:30 AM to 2:00 PM and 4:30 to 9:00 PM.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
3,000 Square Feet Restaurant plus full basement plus 2nd story storage. Seating for 80, but space available for more. Masonry building with attractive entrance and interior decorating. Nice restroom facilities. Extensive stainless steel kitchen equipment (grills, fryers, ovens) and numerous freezer/coolers, along with shelving units and tables/chairs are included in the Gross Lease of $2,800 per month.
Market Competition and Expansion:
The business is firmly established near downtown shopping, office and banks.Growth/Expansion: Re-open for Sunday Brunch ($2,000 per day). Reestablish Catering business – equipment included. Expand hours. Add Pizza - no competition.
Reason for Selling:
Owner wants to retire
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.