Business For Sale

Huge Price Reduction, Italian Restaurant!

Alexandria, KY
Campbell County


Asking Price: Annual Revenue:
$39,000 $357,457

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Huge Price Reduction, Italian Restaurant! Broker: Steve Weinbaum
License #: 365512

Quick Facts

Asking Price: $39,000
Annual Revenue: $357,457
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2014
Employees: 15
BBN Listing #: 90578096
Broker Reference #: 5563

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Business Overview:

4 Star Rated Casual Dining Italian Restaurant for Sale located 20 minutes outside Cincinnati just over the Kentucky border. Ready For A New Owner Operator. Fully Equipped. Annual Sales Exceed $300,000. Terrific Monthly Lease Rate of $2500 Includes Utilities. All for $39,000!!!

If you've dreamed of owning your own restaurant, don't miss this opportunity to turn your dream into a reality! Too many people don't pursue opening a restaurant because of all the start-up costs, work and uncertainty. But here is an owner who's done all that for you! All you need to do is take over this existing Italian Restaurant for sale that had been open more than two years with a great reputation. But due to other personal demands, the Owner recently had to close The owner has another career and needs to sell in a hurry. Take advantage of this rare opportunity.

Over the last 12 months net sales were around $330,000. November and December 2017 sales exceeded $60,000 and owner income was over $7000. First quarter 2018 is even better with more positive cash flow! This Italian Restaurant for sale offered by the restaurant brokers is ready for a new full time owner operator and has plenty of potential to grow significant top line sales a profit. The business is currently closed on Sundays. This Italian restaurant for sale does not serve beer or wine. These two changes alone should grow top line sales by an additional 25%. The owner previously added pizza and a few other items to the menu which is not included in sales to date. This Italian restaurant for sale is 2800 square feet and can seat up to 85 guests inside and an additional 20 outside. Rent is an amazing $2500 per month which includes Utilities...your gas, electric, water, sewer, and even trash removal are included. Serving up some of the best local Italian favorites like pastas, chicken, meats, and Fish.

Don't wait. Customers are waiting for the next owner to take over and continue where the current owner left off.

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Property Features and Assets:

2 ice machines 2 soda fountains (pepsi) 2 under counter fridge 2 sandwich prep table 1 Blodgett convection oven 3 Panini press Numerous metal tables 2 60? worktop freezer 2 60? fridge 2 28? fridge 1 28? freezer 1 6 burner double oven with flattop stove 1 6 burner single large oven stove 3 steam tables 1 slicer 1 pressure cooker 6 microwaves 1 sanitizing dishwasher 1 triple sink Glassware, plates, silverware, pots, pans etc etc.

Reason for Selling:

Personal

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.

Relevant Links:

Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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