Business Overview:
Beautiful, well equipped neighborhood Italian restaurant specializing in pasta and pizza. Also serves beer and wine. Located in a newer, growing high-end residential & commercial area. The clientele are locals, not tourists or snowbirds. It is well known and has many repeat customers. The build out, which cost $250,000, is extraordinarily upscale and, with a seating capacity of 91 plus outdoor seating, lends an intimate ambiance that is hard to match. The motivated seller, who does not operate the restaurant, is planning to move out-of-state. Financials shown are the 2010 projection based on actual through 7/31/2010 (Gross Sales of $207,268 and SCF of $33,836).
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:
Facilities: Extremely nice Italian eatery located in a newer neighborhood multi-business center in an upscale residential and commercial area. 2,600 square feet leased at $4,846 per month. Renewable. Build out improvements cost $250,000.
Market Competition and Expansion:
Currently open only for dinner so being open for lunch should lead to additional sales.
Reason for Selling:
Moving out-of-state
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.
- This is not a distressed business or bankruptcy situation.