SBA Pre-Qualified- Stunning Italian Restaurant

Not Disclosed, CT


Asking Price: Annual Revenue:
$2,499,000 $2,369,698

Food & Beverage: Restaurants, Fast Food, Deli


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RE: SBA Pre-Qualified- Stunning Italian Restaurant Broker: Eric Mendelsohn
Owner Financing is Available!

Quick Facts

Asking Price: $2,499,000
Annual Revenue: $2,369,698
Net Profit: Not Disclosed
Cash Flow: $807,859
Total Debt: Not Disclosed
FF&E: $250,000
Real Estate: Not Disclosed
Year Established: 2011
Employees: 20
BBN Listing #: 281535879
Broker Reference #: 6842-585085

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Business Overview:

Huge Italian Restaurant Net Sales $2.4M for Sale with Real Estate

SBA Pre-Qualified!! Rare opportunity to take over this money making and stunning Italian Restaurant for sale that is approximately 1.6x Seller's Discretionary Earnings. This restaurant is a gem as it has a wonderful atmosphere. It's known for excellent and classic food and fabulous customer service. The restaurant has a full liquor bar and license. There is plenty of seating available inside and outside plus private rooms available for parties along with plenty of parking for its guests. EB2 visa possible. The business also includes residential space that the next owner can live in or lease out for additional income. If you own an existing restaurant, this would make a fabulous addition to your portfolio or this gem of a place would make for a great first entry into the business. The real estate is included in the listing price. Please note the wine and liquor inventory is excluded from the sales price and is approximately $120k. The numbers listed are for 2021 calendar year.

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Reason for Selling:

Relocating

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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