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Asking Price:	$300,000 USD USA Dollars
Business for Sale Industry:	Food & Beverage: Restaurants, Fast Food, Deli
Reason for Selling:	Relocating, returning to family.
Year Established:	2006
# of Employees:	10 Full Time, 1 Part Time
Yearly Revenues:	$650,000
Yearly Cash Flow:	$125,000

Business for Sale Overview:

Spacious Italian restaurant in a grand, traditional style. Owner is relocating. Central location convenient to major highways in large, well-known, affluent community with several colleges & universities and a significant corporate presence. This community has recently been ranked as one of the safest municipalities in the country which strongly supports relaxed dining out. Seats 110 in dining room and has a large 25’ oak & granite bar with 15 wood & fabric bar stools and small cocktail tables. Computerized restaurant management system.

Property Features and Assets:

Lease: Incredible lease, expires December 31, 2015 with 2 Options to Renew at 5 years each. Facilities: 4,100 square feet stand-alone corner building with enormous private parking lot. Back entrance for supplier deliveries. Furniture, Fixtures & Equipment: includes Bar Sink & Various Beer Tubs, 4’ Wine Cooler, 42” Flat Screen TV, Mop Sink, 28’ Vinyl Back Bench in Bar, 4 Metal Tables, 7 Hanging Bar Lights, all other lights, 10 Oval Granite-top Tables (3’), Three-Bay Sink, 65 Fabric Dining Chairs, Hand Sink, 2 Oval Granite-top Tables (5’), 2 36” Ranges, Ceiling Mounted Pot Rack, 20’ Vinyl Back Bench (Dining Rm), Low Boy Freezer, Back Bar Refrigerator, Dishwasher, Flatware, Dishes, Glasses, Mixer, Dry Storage Shelving, Ice Maker, Soiled Dish Table, Butcher-Block Table, Cocktail Unit, Clean Dish Table, Wine Refrigerator, Ice Bin, Ansel Fire Protection System with Hood, Reach-In Freezer, Prep Table with Sink, Fryer, 2 Under Counter Refrigerators, Employee Lockers, Office Desk & Chair, Mixing Bowls, Cookie Sheets, various Pots & Pans, 23 Square Tables, various utensils, Walk-In Beer Cooler, etc.

Market Competition and Expansion:

Leverage the size, location and parking capability to grow the special events business for holiday parties, bar/bat mitzvahs, corporate parties, sweet 16’s, etc. Increase awareness through advertising, direct marketing & local sponsorships. Reach out to the well-known local colleges & universities for team banquets, reunions, faculty & administration meetings, etc.

Additional Details:

• The property is leased.
• 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 resale opportunity.
• This is not a distressed business or bankruptcy situation.