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RE:  High Volume Restaurant & Pizzeria Contact:  Bob Capozzi

Quick Facts

Asking Price: $550,000
Annual Revenue: $723,001
Net Profit: $195,231
Cash Flow: $195,231
Total Debt: Not Disclosed
FF&E: $310,000
Real Estate: Not Disclosed
Year Established: 1962
Employees: Not Disclosed
BBN Listing #: 325355236
Broker Reference #: 05221657

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Business Overview:

Long Established Italian, American & Mediterranean Restaurant & Pizzeria

Full Menu, Beer/Wine License. Separate Catering Menu. Will Deliver.

Seats 90 at Booths & Tables.

Sales Estimated to be in excess of $1MM in 2019

Long Lease in Place, 15 years with options.

Upscale Area.

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Property Features and Assets:

Located in an Upscale area. Very attractive, newly renovated facility. Seats 90 at Booths & Tables. Long Lease in Place, 15 years with options. Complete, first-rate equipment in place.

Market Competition and Expansion:

While there are many restaurants in business within this area, this restaurant has excelled in sales growth and product acceptability due to efforts of the long time owner. This goodwill can easily be transferred to a new, exceptional owner/manager who will remain heavily involved.

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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