Earn $62K At This Greensboro Italian Restaurant
Greensboro, NC Guilford County
Seller's Contact Information
- RE: Earn $62K At This Greensboro Italian Restaurant
- Contact: Robin Gagnon
Quick Facts
| Asking Price: | $149,900 | |
| Annual Revenue: | $375,054 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $62,448 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1996 | |
| Employees: | 7 | |
| BBN Listing #: | 92148096 | |
| Broker Reference #: | 9387 |
Business Overview:
Forget building a new location and starting from scratch! Save time and money when you purchase an existing profitable business like this Italian Restaurant for Sale in the busy Greensboro Market. Strong sales of $375,000 is earning an owner/operator $62,000 in 2022. Beer and Wine license helps drive these earnings in! This Italian Restaurant for Sale has been in operation since 1996 and is ready for a new owner. The current owner sees $375,000 in annual sales, bringing home $62,000 in owner benefits! With a build out cost of $475,000, you can take over this excellent location today and make it yours for just $149,400! The seller has spent years nearly three decades perfecting these menus and making this Greensboro Gem a success! It's time for them to retire and hand over the reins to a new owner. Great location in Greensboro offers 2,000 square feet of space that has an all-in rent of just $6,000 for a large space that offers inside seating for 40 with an additional seating area for 20 outside! The lease is valid through 2023 but additional terms and options can be negotiated. The Restaurant Brokers at We Sell Restaurants will handle all the negotiations with the landlord on your behalf at no cost to you! This highly visible and busy shopping center offer tons of parking and creates plenty of customers for this busy Italian Restaurant for Sale! Closed on Sundays and and with shortened hours, as the new owner of this Italian Restaurant for Sale you get to choose to extend the current hours or keep them the same. The name, recipes, and all branded equipment are transferred at closing, and the seller is willing to stay on and assist the new owner for two weeks to help for a smooth transition. Fully equipped location comes with pizza oven and hood system. No need to stress about financing 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. Acknowledge confidentiality and learn more about the details of this listing. Don't wait—Contact the Restaurant Brokers to secure your offer on this Italian Restaurant for Sale today. By providing your phone number to We Sell Restaurants, you are agreeing to receive text notifications.
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Property Features and Assets:
2 Middleby Marshall Double Stack Pizza Oven Model PS570S Natural Gas and Electric 1 Salad Bar Unit with Refrigeration 6 Eye 1 Warm up food unit with 8 Compartment Hot Holding Section 1 True 3 Door Stainless Steel Merchandiser with Glass Door Refrigerator 1 True 4 Door Refrigeration Pizza Makeup Unit with Complete Shelving 1 True 3 Door Sandwich Deli Refrigerator Unit Complete with Shelving 3 Glo-Ray Food Warmer Unit To keep food hot 1 20 ft CaptiveAire Hood System with All Fire Equipment Grill Section 1 11 ft CaptiveAire Hood System with All Fire Equipment Pizza Section 1 Hood System for Dishwasher 2 Friator Frier 1 36 inch Wolf Natural Gas Unit Griddle Flat Top with Thermostat 1 24 inch Vulcan Charbroil Unit 1 36 inch Vulcan Stove with 6 Eye Burner 1 Bally Walk in Cooler Unit with Shelving 1 Bally Walk in Freezer Unit with Shelving 1 Reach in Freezer 1 Automatic Hobart Slicer with All Attachment Model 2912
Market Competition and Expansion:
Smooth and continuous flow of business.
Reason for Selling:
Relocation
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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