Growing Italian Restaurant in Bustling Central NC

Not Disclosed, NC

Asking Price: Annual Revenue:
$997,000 $1,123,314

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Growing Italian Restaurant in Bustling Central NC Broker: Simon Paine
Owner Financing is Available!
$99,700 down/$99,700 over 120 mos. @8.50%/Other Financing.

Quick Facts

Asking Price: $997,000
Annual Revenue: $1,123,314
Net Profit: Not Disclosed
Cash Flow: $315,209
Total Debt: Not Disclosed
FF&E: $40,000
Real Estate: Not Disclosed
Year Established: 2017
Employees: 15
BBN Listing #: 55584955
Broker Reference #: 1305-17279

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Business Overview:

Well-established and profitable Italian restaurant located in the heart of a bustling central NC downtown area, specializing in serving Southern Italian fair. Full-service bar and spacious outdoor patio. This turnkey operation is an excellent opportunity for a new buyer to step into a growing and cashflow positive business. Prequalified for loan. If desired, and based on the overall terms and structure of the transaction and buyer qualifications, the Seller will provide a 10% tranche of seller financing to qualified buyers depending on the overall terms and structure of the transaction.

Financials are Last Twelve Months through June 30.

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Property Features and Assets:

The Company leases approximately 1,300 square feet of retail space, in a bustling downtown area. The Lease runs through 2027, with an option to extend for 5 years. The Lease is currently $2,400 per month. Assets = $47,000

Market Competition and Expansion:

Highly fragmented marketplace. As you would expect for any restaurant located in a bustling downtown area there are other restaurants (including another Italian one) within the vicinity of the Business. However, the Owner feels that the award-winning cuisine, quality of service, and up-market ambiance means that they don’t really have much in the way of direct competition. Increase opening days and hours. List the restaurant on online ordering services. Also, there is the possibility to expand into the store next door should those tenants leave.

Reason for Selling:

Owner wishes to step away from the business.

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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