Business for Sale Overview:
Beautiful 3,500 square foot Italian restaurant. The restaurant has just been totally renovated, floors, ceilings, countertops, tables, chairs, TVs, dishes and more. The owner even added walls that slide open for people to enjoy the fresh air. Plus, the owner just added about 24 seats outside that never existed before. They average $40,000 per week in gross sales. They do a great sit down business plus a nice take out business. They also have a liquor license and serve beer, wine and hard liquor. Business is steady year after year with tons of repeat business. They have a complete staff of cooks, kitchen staff, waiters and 4 managers. Owner is in the background. You can work the restaurant or come and go as you like. A great buy. It won’t last long!!
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:
Beautiful 3,500 square foot restaurant which seats 130 people inside and 24 outside. They have almost 14 years remaining on a new lease (9 years plus an option for 5 more). Located in a great shopping center with lots of parking in a high-income town. Restaurant is perfect. Kitchen is great. They also have a basement that runs the full span of the restaurant, which contains 2 offices, washer and dryer and tons of storage area. New owner has to do nothing except take over and start counting the receipts every night. The money just rolls on in.
Market Competition and Expansion:
There is competition, but the restaurant is in a great shopping center with lots of traffic and parking. It has a great reputation. People just keep coming back.
Reason for Selling:
Retirement
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This may become a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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