Established Italian Restaurant For Sale!6 Figures!
Charlotte, NC Mecklenburg County
Seller's Contact Information
- RE: Established Italian Restaurant For Sale!6 Figures!
- Contact: Justin Scotto
Quick Facts
| Asking Price: | $325,000 | |
| Annual Revenue: | $820,235 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $122,155 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1962 | |
| Employees: | 20 | |
| BBN Listing #: | 38768096 | |
| Broker Reference #: | 9588 |
Business Overview:
Forget building a new location. Save time and money when you purchase an existing profitable business like this Italian Restaurant for Sale. Strong sales of over $800,000 earned an owner/operator $122,000 in 2022.
This Italian Restaurant for Sale has been in operation since the 1960's and is ready for a new owner. The current owner sees $820,000 in annual sales, bringing home $122,000 in owner benefit! Take over this operation today and make it yours.
What makes this Italian Restaurant for Sale a success? The seller has spent decades perfecting these menus and making this Charlotte Gem a success! It's time for them to retire and hand over the reins to a new owner. The location has monthly rent of $4450, and offers 2400, square feet. Initial lease term ends in 2024 but additional lease options can be available to extend the lease years in this location.
Even better, this Italian Restaurant for Sale offered by We Sell Restaurants already has staff in place. There are 20 employees, and the store is open 6 days a week. Plus, this Restaurant for sale can be yours without worrying about any royalty or marketing fees! The seller is willing to train to be sure you are ready to go at this location and assist in obtaining your own license for Beer and Wine.
No need to stress about financing this Italian Restaurant for Sale because we have resources available. We can get our sources to approve your lending with a minimum amount down. Our lenders are on standby ready to help entrepreneurs like you achieve their dreams or expand their portfolios. Jump on this opportunity, which features Key business for expansion and growth. Charlotte is the number 2 metro in the US for economic growth. because it won’t last long!
The seller is ready to hand the Italian Restaurant for Sale off to a new owner because of Retirement. If you want to be that new owner, you must bring an offer today! Acknowledge confidentiality and learn more about the details of this listing. Don’t wait—Contact the Restaurant Brokers to secure your offer on this location today.
To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.
Property Features and Assets:
32 Chairs 11 Tables 5 Booths 5 High Chairs 2 High Top Table 14 Bar Chairs 1 Double Door Under Counter Wine Cooler 2 SS hand sinks 1 Three Drawer Bar Cooler 1 Ice Machine with Bin 2 Single Door Freezer 1 Double Door Cooler 1 Double Door Display Cooler 1 POS with Cash Drawer and Printer 2 Kitchen Displays 1 Kitchen Printer 1 Deli Table 4ft 2 Cash Registers 1 Bread Warmer 1 Three Door Deli Table 1 Pizza Oven 1 Hood 6ft is a Fixture 1 Six Burner Stove Top with Oven 1 Deep Fryer 1 Hand Sink 1 Hobart Mixer Miscellaneous Pots and Pans 1 SS Table 6ft 1 SS Table 5ft 1 Ice Machine with Bin 1 TV 1 Single Compartment Sink 1 Three Compartment Sink 8 Wire Wall Racks 1 Wire Rack System 1 Walk in Cooler is a Fixture 1 Double Door Cooler 1 Warmer 1 SS Table 8ft 1 Dunnage Rack 1 Kitchen Printer 1 Speed Rack 1 Wire Rack 1 Waiting Bench 9 Outdoor Chairs 3 Outdoor Tables
Market Competition and Expansion:
Charlotte has seen the job market increase by 3.5% over the last year. Future job growth over the next ten years is predicted to be 42.5%, which is higher than the US average of 38.0%
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
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