Business For Sale

Profitable, Established Italian & Pizza Restaurant

Not Disclosed, IA


Asking Price: Annual Revenue:
$579,000 $993,098

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Profitable, Established Italian & Pizza Restaurant Broker: Brian Brown
Owner Financing is Available!
$115,800 down/$57,900 for 120 mos. @ 9.95%/Other Financing Seller may consider financing for a well-qualified buyer with negotiable terms. This offering assumes a 120-month amortization with balloon payment by 36 months. Lender financing pending. This offering is highly confidential. E-mail broker for confidentiality nondisclosure agreement and buyer profile. Proof of funds available to make a purchase at this level also required.

Quick Facts

Asking Price: $579,000
Annual Revenue: $993,098
Net Profit: Not Disclosed
Cash Flow: $339,347
Total Debt: Not Disclosed
FF&E: $75,431
Real Estate: Not Disclosed
Year Established: 1985
Employees: 17
BBN Listing #: 15844955
Broker Reference #: 5001-12509

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Business Overview:

Rare opportunity to purchase a highly profitable and well-established, authentic pizzeria and Italian restaurant.

Acclaimed as best in the area and one of the top in Iowa, this business serves tasty pasta with scrumptious sauces, wonderful pizza and steaks. The business uses wholesome ingredients and locally-sourced foods for proprietary sauce and other recipes.

The company utilizes proven efficient and effective best practices operating and organizational processes. In addition to fine dining experience, the business strategy involves delivery, carry-out and some event catering.

With strong revenues, the company enjoys great margins and low overhead. This business has afforded attractive owners discretionary cash flow. Add-backs are verifiable.

This regionally popular dining establishment is recognized for high quality food and service with enviable reviews and high ratings on TripAdvisor, Yelp, Urbanspoon, Zomato, Facebook and Google. This brand has a great website. The business also uses effective local advertising.

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Property Features and Assets:

The business is located in a thriving, walkable downtown within in a highly improved facility well-suited for this operation. In an appealing, growing community, the business is centrally located among loyal clientele. The charming setting enjoys nearby tourist attractions plus a robust economy. The building, roof, electrical, HVAC, equipment and dining area have recently been updated. There is a large, well-maintained and well-equipped kitchen with abundant storage. Comfortable seating for 90 plus exists in the present configuration. The brick building is one-story with functional basement providing valuable storage, office and prep areas. The lot is 2800 sq ft. Parking is along the street and municipal lots. The Real Estate would be leased by the successful buyer. Alternatively, a qualified buyer may offer to purchase the Real Estate for $200,000 in addition to the business offering price. Assets= $75,431

Market Competition and Expansion:

The business enjoys loyal patrons from the local area and throughout the region. As one of the oldest and highest sales volume restaurants in the area, the business is a market leader. This established operation is attractively priced, better than turn-key and far superior to a risky start-up. It just needs an energetic successor with food service or hospitality management experience. Possessing marketing skills and being community oriented may be helpful attributes. The successful buyer could add liquor to beverage offerings, develop new specials giving variety for frequent diners, focus more on catering, expand marketing and public relations, or pursue other potential avenues for growth. With this proven concept and strong brand name, a well-capitalized, experienced buyer could expand outside of the market by branching or franchising.

Reason for Selling:

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Additional Details:

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

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Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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