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Business For Sale
ITALIAN RESTAURANT
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Asking Price: |
$125,000
USD USA Dollars
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Business for Sale Industry: |
Food & Beverage: Restaurants, Fast Food, Deli
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Reason for Selling:
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Health. |
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Year Established:
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1990 |
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# of Employees:
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5 |
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Yearly Revenues:
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$276,000 |
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Yearly Cash Flow:
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$48,000 |
Business for Sale Overview:
This Italian restaurant is centrally located in North Phoenix on a major road. It is a full service restaurant and bar. There is a full kitchen (walk-in, hood, dish machine, etc.). The seller used to do $36K to $38K a month when he was able to spend more time working it. With health failing and a second job, he is not able to market it properly and only spends 6 to 7 hours a day there. A patio could be added with landlord consent. The numbers are based on an average month this time of year. Sales will be picking up starting in Dec.
Property Features and Assets:
2,800 sq. ft. located in a strip center for $4,500/mo., there is 1 year left with 2 three year options.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner may be willing to work for the new owner.
- This may become a homebased business opportunity.
- This may become a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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