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RE:  Family Italian Restaurant Atlantic Co Contact:  Alaine Cusick
Owner Financing is Available!

Quick Facts

Asking Price: $750,000
Annual Revenue: $1,600,000
Net Profit: Not Disclosed
Cash Flow: $450,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 27
BBN Listing #: 475954395
Broker Reference #: 64646-149387

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Business Overview:

Established in the 1960's, this year-round, family-style Italian restaurant and pizza shop is nestled in the heart of the downtown in this resort island. The pandemic has only increased their sales and they are positioned to gross well over $2 million in 2020. Known for their outstanding chicken parm, pizza and seafood entrees, the dining room seats 110 and another 90 outside, plus a strong take-out and delivery business! New fit out valued at $220,000 including equipment was completed in 2015. Solid, long-term lease with reasonable landlord. Summer staff runs about 27 Full Time Employees and winter 17-18, with 4 drivers on staff. Owners are selling to diversify efforts in real estate investments. Partial seller financing for experience restaurant operators! Call today!

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Reason for Selling:

Other business interests.

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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