Italian Family Restaurant - Revenue Up 25%+ '22

Not Disclosed, WA

Asking Price: Annual Revenue:
$1,925,000 $3,000,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Italian Family Restaurant - Revenue Up 25%+ '22 Broker: Oliver Kotelnikov
Owner Financing is Available!
The seller will finance a portion of the transaction for a qualified buyer.

Quick Facts

Asking Price: $1,925,000
Annual Revenue: $3,000,000
Net Profit: Not Disclosed
Cash Flow: $665,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 888235781
Broker Reference #: IREW2022

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Business Overview:

his business is a landmark neighborhood family restaurant and a recognized destination dining establishment. Known for all original recipes and award-winning food, excellent customer service, and a warm family atmosphere, the restaurant attracts a loyal fanbase of regulars and thrives on repeat business. The venue is central to a vibrant community and is the local choice for casual dining, daily lunch and dinner service, large gatherings for friends and family, special events and celebrations, community-based functions, bar service featuring a selection of spirits, craft beers and regional wines, and gameday viewing parties. The restaurant is highly regarded and exceptionally well-reviewed in the public domain. With tremendous support and goodwill in the local community, the business was minimally impacted by the pandemic. Revenues in 2020 remained steady in comparison to 2019. The business posted a record year in 2021 with a 25% increase over the prior years and is on track for a similar spike and another banner year in 2022. The restaurant is fully staffed including a tenured leadership circle with key team members in supervisory and managerial roles. Ownership contributes an estimated 1.5 full time equivalents to the labor of the business in an executive oversight capacity.

The business operates out of approximately 6,300 square feet of improved space. The highly versatile layout ensures strong operational efficiencies and accommodates a wide variety of customer engagement options including standard dining room service, to-go orders, private function facilities, bar service, and a dedicated outdoor seating section. Significant additional revenue is generated via catered events and outside product sales. Due to rapidly growing retail volume, the business is presently not meeting 100% of the growing customer demand for off-site services. Increasing space and production capabilities to accommodate the catering needs of the regular clientele, community-based organizations as well as the local corporate, commercial, and institutional sectors presents an immediate avenue for sustained future growth of the business.

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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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