Steady Revenue Italian Restaurant in Excellent Loc

Not Disclosed, VA
Fredericksburg City County

Asking Price: Annual Revenue:
$700,000 $853,371

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Steady Revenue Italian Restaurant in Excellent Loc Broker: Fred Walker

Quick Facts

Asking Price: $700,000
Annual Revenue: $853,371
Net Profit: Not Disclosed
Cash Flow: $190,371
Total Debt: Not Disclosed
FF&E: $200,000
Real Estate: Not Disclosed
Year Established: 2016
Employees: 34
BBN Listing #: 50074955
Broker Reference #: 2001-16485

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Business Overview:

When customers walk into the door of this restaurant not only do they get wonderful food but a glimpse of what the Italian culture is all about: family, food, and a la dolce vita - the sweet life.

This business opportunity is an Italian restaurant with a focus on Sicilian specialties from the best ingredients from Italy. It is located in a popular walking friendly downtown area. As of May 20, 2021, gross sales were up by 31% over last year in the same time frame. Annualized Owner Benefit for 2021 is $294,440. In addition, the Owner Benefit for 2020 is $240,758. Business is generally steady throughout the year due to the location and specialty cuisine with spikes around the holidays and during nice weather when guests can eat in an authentic, Italian inspired patio.

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Property Features and Assets:

The restaurant has a total capacity of 99, which includes, on entry, a bar area that seats 4, high top tables that can seat 10 people and the host stand. The lounge seats 16 with an option to add seats to these tables for a bigger party. The pizza room seats 12 and the pizza bar seats 4. The back room has a capacity of 41and the patio seats 12. Assets = $212,000.

Market Competition and Expansion:

The area boasts many restaurants choices, attracting diners from around the area, including this business’ unique option for specific Sicilian specialties. An advantage this restaurant has is the staff educates the customer about Italian culture and what makes each dish special. Cooking classes, chef tables, and special events add to the experience, making each customer feel as though they’ve been to Italy. This restaurant has dining for private events, parties, and corporate events. The company has semi-private spaces available to accommodate whatever the customer’s needs are.

Reason for Selling:

To pursue other opportunities.

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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