Iconic Italian Restaurant for Sale

Cordova, TN
Madison County


Asking Price: Annual Revenue:
$534,900 $1,274,368

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Iconic Italian Restaurant for Sale Broker: Robin Gagnon

Quick Facts

Asking Price: $534,900
Annual Revenue: $1,274,368
Net Profit: Not Disclosed
Cash Flow: $212,332
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1990
Employees: 17
BBN Listing #: 55138096
Broker Reference #: 7232

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Business Overview:

Buy this incredibly profitable Italian Restaurant for Sale in Memphis Tennessee. Amazing opportunity for legacy location established over four decades. Owner Operator takes home over $210,000 per year on sales of $1.3 Million. Qualifies for lending with 30% down! Very impressive earnings on this location! This Italian restaurant for sale has annual revenue of nearly $1.3 Million dollars! It's no wonder the owner takes home over $210,000 a year on limited hours! Fabulous high-end menu, this location is beautifully decorated with super high-end finishes. Currently doing this volume on just dinner hours Monday through Saturday. Expand the hours and see the volume and earnings soar! The 4,800 square foot unit has been located in a very large regional shopping center for over 30 years (40 years in business). This well-known Italian restaurant for sale offered by We Sell Restaurants is a rare opportunity with rave reviews, excellent menu, decor and service. The exterior is rather unassuming but as soon as you walk in the front door, you are greeted with a gorgeous Mediterranean interior that is warm and inviting. This business has a classic menu which includes pasta dishes and has a full liquor license. Total rent and occupancy cost is $9200 a month, easily carried by the strong volume and adding to the profitability as it's only 8.2% of sales, unheard of in today's market. The equipment list is just as impressive as you might expect, well-kept, complete and everything you need to keep doing the kind of volume that this Italian restaurant for sale has been doing for many years. Right now, it is only open for dinner on Monday through Thursday 5 PM to 10 PM and Friday and Saturday 5 PM to 11 PM and is closed on Sundays. Of course, you can change those hours and increase sales even higher. Located just 17 miles from downtown Memphis, this suburban area has a population over 60,000 which has increased 16% since 2010. The Italian restaurant for sale is surrounded by thousands of homes, apartments and hundreds of retailers bringing significant traffic to the immediate area and the shopping center in which it is located. Additionally, there are over 60,000 vehicles per day on the front highway. The current owners love their business and are kindly willing to stay on and train a new buyer for “as long as it takes”. The opportunity to grow this Italian Restaurant for sale is extraordinary. Introducing modern marketing techniques like a web site, social media, email campaigns will only add to your bottom line. If you are looking to buy a classic and very profitable Italian restaurant for sale in suburban Memphis, look no further.

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Property Features and Assets:

3 sandwich making refrigerated units Commercial microwave Beer cooler 2 Refrigerators 2 TVs 2 Pizza ovens Pizza refrigerator Cooler 3 six burner gas ovens 1 four burner gas oven 2 gas cheese melters Gas fryer Chefs table 3 freezers 3 section food warmers 2 three compartment sinks 3 hoods Walk in cooler Dishwasher Slicer Mix master Mixer Dough mixer 60 quart 3 cash registers 300 lb ice maker 6 glass door refrigerator unit

Market Competition and Expansion:

Located in a fast growing area in a mega center with many national and local retail tenants. 60,000 cars a day on the front road.

Reason for Selling:

Retirement

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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