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RE:  Neighborhood Favorite Italian Restaurant For Sale Contact:  Eric Mendelsohn

Quick Facts

Asking Price: $550,000
Annual Revenue: $1,173,078
Net Profit: Not Disclosed
Cash Flow: $238,860
Total Debt: Not Disclosed
FF&E: $100,000
Real Estate: Not Disclosed
Year Established: 1986
Employees: 7
BBN Listing #: 343235879
Broker Reference #: 6842-560109

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Business Overview:

Long time neighborhood Italian favorite near major transportation hub as the restaurant has been in existence for 34 years. The next owner can inherit a friendly staff that creates a warm and congenial atmosphere. The owner recently put in $200k in improvements including new floors and equipment. The restaurant has a great wine selection plus beer. Current capacity for outdoor and indoor dining is 70 people.

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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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