Well Known Italian Classic Restaurant

Foley, AL Baldwin County

Asking Price: $250,000

Annual Revenue: $516,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Well Known Italian Classic Restaurant
Contact: Gene Townley

Owner Financing is Available!

He's willing to finance if given a large down payment.

Quick Facts

	Asking Price:	$250,000
	Annual Revenue:	$516,000
	Net Profit:	Not Disclosed
	Cash Flow:	$70,000
	Total Debt:	Not Disclosed
	FF&E:	$52,000
	Real Estate:	Not Disclosed
	Year Established:	2013
	Employees:	8
	BBN Listing #:	735963250
	Broker Reference #:	1-25

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Business Overview:

Italian Restaurant plus multiple ghost kitchens= Money
Want a reliable entry into the restaurant industry? This is it! This Italian restaurant has been around for over ten years and is a favorite for locals and tourists alike. This restaurant is always busy and located in a classic, well-known area. Only a few minutes from both OWA and the Tanger Outlets, this restaurant receives a ton of traffic from other local tourist destinations. Additionally, this company also has a 2nd kitchen and dining area that needs to be used for catering and events, or it could house several ghost kitchens for amazing revenue and profit. This company is profitable but the owner is older and selling to retire and spend more time with his family. This company needs either an active owner to manage it or for a new owner to hire a manager- but either way it's good to go.

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Property Features and Assets:

Location has a separate catering area that will seat 40 or could house several ghost kitchens

Market Competition and Expansion:

This restaurant is only open 5 hours a day 5 days a week. Expanding hours to include lunch would offer additional income. Also offering delivery through several of the delivery aps could grow sales.

Reason for Selling:

Retirement

Additional Details:

The property is Leased.
The owner is willing to train/assist the new owner.
This is not homebased business opportunity.
This is not a franchise resale opportunity

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