Italian Eatery-A Local Institution

Madison, VA
Madison County

On Busy Hwy. 29


Asking Price: Annual Revenue:
$235,000 $410,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Italian Eatery-A Local Institution Broker: Thomas Lutes
Owner Financing is Available!
Possible Partial.

Quick Facts

Asking Price: $235,000
Annual Revenue: $410,000
Net Profit: $98,000
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $30,000
Real Estate: Not Disclosed
Year Established: 1979
Employees: 7
BBN Listing #: 522857006
Broker Reference #: Not Disclosed

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Business Overview:

The Business: • The business is a regional Italian Eatery located on the busy highway 29 between Washington DC and Charlottesville. • The business serves a variety of Italian foods including a very popular pizza. • The business has been established for over 30 years in the area. • The business has been owned by the current owners for over 20 years. • This business is a local institution for fine dining. • The restaurant has a beer and wine license that comes with the purchase. • The restaurant’s annual sales revenue exceeds $400,000 annually.

The Transaction: • The Buyer has the opportunity to purchase the assets of the company and the existing customer base and brand. • The total asking price is $235,000 with possible partial owner financing available. • The purchase includes all FF@E and a 10 year lease at a very reasonable $3,000 per month lease rate. • The owner has reached retirement age and wishes to sell the business • The owner is willing to assist in a smooth transition including all training required.

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Property Features and Assets:

3,000 square feet with a ten year renewal available.

Market Competition and Expansion:

Minimal

Reason for Selling:

Retirement

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.

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