Seller's Contact Information
- RE: Italian Pizza N Pasta Restaurant
- Contact: Moon Kim
- License #: 567204
Quick Facts
Asking Price: | $595,000 | |
Annual Revenue: | $1,015,947 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $322,002 | |
Total Debt: | Not Disclosed | |
FF&E: | 50,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 2004 | |
Employees: | 12 | |
BBN Listing #: | 520319188 | |
Broker Reference #: | 001239 |
Business Overview:
An established Italian Restaurant with over $1,000,000 in revenue is available for acquisition. If you're looking for a restaurant with great cash flow and low expenses, look no further. This Italian Restaurant is on track to generate well over a million in revenue, with rent accounting for less than 4%. This Restaurant is also a rare establishment that does not utilize Grubhub, Doordash, and Uber Eats. The Restaurant is located in a 1,450 Square Feet of Endcap space of a retail strip center anchored by a prominent national grocery store and many other national retailers. All equipment has been maintained and is in excellent condition. Most of the customers at this establishment are regulars ordering the same menu item, sitting at the same table, and have the Restaurant's phone number on speed dial for take-out, with demographics consisting of mid to upper-mid-income families and individuals from a diverse ethnic backgrounds. The Restaurant's menu consists of traditional Italian dishes, NY Style Pizza with homemade dough, salads, desserts, sandwiches, etc. Although there are other competitors in the area, this Restaurant has an established clientele that enjoys this establishment's quality, value, and service. The revenue has been consistently increasing year-over-year, with more room for growth. The current Restaurant solely relies on word-of-mouth as its only form of marketing. A buyer with restaurant experience with marketing efforts utilizing social media and creating an online presence can continue to grow the revenues of this establishment.
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Property Features and Assets:
This restaurant is located in a 1,450 Square Feet Endcap space of a retail strip center anchored by a prominent national grocery store along with many other national retailers with high visibility and ease of access. All furniture, fixture, and equipment have been well-maintained and are in excellent condition. / Inventory: $20,000 (Included in listed price).
Market Competition and Expansion:
Competition: There are competitors within the immediate area, but this restaurant's revenue has been increasing consistently with an established customer base who dines at this establishment like an addiction. Growth and Expansion: The restaurant will continue to see consistent organic growth as its marketing consists solely of word-of-mouth. A buyer can continue this organic growth with product and service consistency. Adding an online presence and social media to highlight its lunch specials and BYOB for weekday date nights at its current affordable prices can help generate traffic and revenue during slow times.
Reason for Selling:
Retirement
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
Documents:
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