Seller's Contact Information
- RE: Busy Italian Restaurant With Seller Financing
- Contact: Bob Leone
Quick Facts
| Asking Price: | $275,000 | |
| Annual Revenue: | $778,404 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $175,094 | |
| Total Debt: | Not Disclosed | |
| FF&E: | 42,500 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2016 | |
| Employees: | 14 | |
| BBN Listing #: | 773611185 | |
| Broker Reference #: | 170-08490 |
Business Overview:
Drastic Price Reduction, seller needs to sell. Semi absentee run. All reasonable offers will be considered. Closed Mondays and Tuesdays since June 2022 with no effect to net income, lots of room for growth.
With over 25 years of experience, this chef took a failing Italian Restaurant and turned it into an all-time winner. In just over 7 years, the owners have captured the heart and trust of the local community. This 1950 sq. ft gem seats 45 inside and anywhere from 10-20 on the patio. Highly visible location at one of the busiest intersections in town. All newly replaced walk-in components, evaporator and condensing units, new hood system, and a newly remodeled dining room. The plaza is undergoing a complete makeover, and there is plenty of parking. They have gotten to the place everyone strives to get to in this business; they run it 90% absentee. A husband-and-wife team could run it as is or take over some of the paid positions and make even more. All buyers must present a PFS and BIO/Resume to attain additional information. Owner financing available to qualified buyers.
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Property Features and Assets:
Inventory: $3,000 (included in the asking price). Lease/Month: $4,207. Square Footage: 1,950. Building Type: Huge Strip Plaza. Terms & Options: Negotiable. Expiration Date: 5/31/2022. Leasehold: $25,000.
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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