Italian Restaurant and Bar

Not Disclosed, ID

Asking Price: Annual Revenue:
$650,000 $1,462,868

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Italian Restaurant and Bar Broker: David Choate

Quick Facts

Asking Price: $650,000
Annual Revenue: $1,462,868
Net Profit: Not Disclosed
Cash Flow: $244,416
Total Debt: Not Disclosed
FF&E: $138,424
Real Estate: Not Disclosed
Year Established: 1999
Employees: 33
BBN Listing #: 84344955
Broker Reference #: 8302-15501

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Business Overview:

This is an iconic upscale Italian restaurant in Idaho's booming Treasure Valley. The business has flourished for over 23 years with a very loyal clientele as well as many new customers due to its excellent location and reputation. There is a liquor license that is included in purchase price. Owner prides himself in the high quality food and wine he has available. There are two managers in place to reduce the burden on Owner. There is no finer Italian dining in the area.

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Property Features and Assets:

The Business resides in leased 3,911 very well appointed square feet. There is a full bar (liquor license is included in price), newer kitchen and seating for 145 guests in the dining area. There is also a full patio that can seat up to another 60 guests. Business is located in well trafficked strip center with plenty of parking. Lease has 3 years remaining with 2 more 5 year options. The location is one of the fastest growing areas in the nation. Assets=$425,545

Market Competition and Expansion:

There are several Italian restaurants in the Treasure Valley, however, very few known for the quality and upscale atmosphere of this business. The business's reputation is known throughout the area and guests travel for miles to dine here. Reservations are definitely recommended on most nights in order to get seated. Owner has been in the business for over 40 years and feels it's time to let somebody else take the reigns. He feels new energy would be beneficial. A new owner could expand the catering portion and possibly expand dining area as space becomes available. The market research firm IBISWorld predicts fine dining Italian restaurants will continue on an industry-wide 2% growth pattern due to available disposable income.

Reason for Selling:

Owner has health issues and wants to retire.

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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