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  • RE:  Well Known Italian Classic Restaurant
  • Contact:  Gene Townley
Owner Financing is Available!
He's willing to finance if given a large down payment.

Quick Facts

Asking Price: $250,000
Annual Revenue: $516,000
Net Profit: Not Disclosed
Cash Flow: $70,000
Total Debt: Not Disclosed
FF&E: $52,000
Real Estate: Not Disclosed
Year Established: 2013
Employees: 8
BBN Listing #: 735963250
Broker Reference #: 1-25

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Business Overview:

Italian Restaurant plus multiple ghost kitchens= Money
Want a reliable entry into the restaurant industry? This is it! This Italian restaurant has been around for over ten years and is a favorite for locals and tourists alike. This restaurant is always busy and located in a classic, well-known area. Only a few minutes from both OWA and the Tanger Outlets, this restaurant receives a ton of traffic from other local tourist destinations. Additionally, this company also has a 2nd kitchen and dining area that needs to be used for catering and events, or it could house several ghost kitchens for amazing revenue and profit. This company is profitable but the owner is older and selling to retire and spend more time with his family. This company needs either an active owner to manage it or for a new owner to hire a manager- but either way it's good to go.

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Property Features and Assets:

Location has a separate catering area that will seat 40 or could house several ghost kitchens

Market Competition and Expansion:

This restaurant is only open 5 hours a day 5 days a week. Expanding hours to include lunch would offer additional income. Also offering delivery through several of the delivery aps could grow sales.

Reason for Selling:


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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