BusinessBroker.net is one of the largest business for sale marketplaces in the world that connects tens-of-thousands of business buyers and sellers every month. Sell a Business Online or if you’re a broker or a commercial agent sign up for a Business Broker Membership today!

Business For Sale

Italian Restaurant

not disclosed, UT

Food & Beverage: Restaurants, Fast Food, Deli

Asking Price:
Annual Revenue:
Net Profit:
Cash Flow:
Total Debt:
$140,000
$322,086
$68,328
Not Disclosed
Not Disclosed
FF&E:
Real Estate:
Year Established:
Employees:
Listing Number:
Not Disclosed
Not Disclosed
1980
10
94894931
Owner Financing is Available!
for a qualified buyer, seller will finance $70,000

Business Overview:

For decades, this high-end Italian dining establishment has served authentic Italian cuisine. They believe in preparing fresh sauces, dressings, home made ravioli, lasagna, cannelloni and more. Their motto is "hands on," in both the kitchen and dining room. This restaurant's prime address has been a very successful restaurant location for well over 60 years. The parking lot has 40 stalls, which gives them a big advantage over other locations. They also have a shady and tranquil outdoor patio, providing a dining experience with a sense of relaxation unmatched in other locations. Their customers have been affluent middle class people such as doctors, lawyers and other business types, although with the struggling economy, even these people are spending less on dining out. With some creativity and renewed energy, good dishes can still be prepared without compromising taste and quality, but the owners do not have the desire or energy to make the changes necessary to address the changing markets. After over 30 years, they are ready to retire and give a new owner an opportunity to take this well-established restaurant in a new and more profitable direction, capitalizing on the existing loyal customer base. From all reports, the economy is beginning to turn around and Utah is classified as one of the best locations for business growth. A new owner with vision and dedication could have an incredible opportunity for stellar success with this well priced business.

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.

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 is not a franchise resale opportunity.

Resources: