Business For Sale

89452-BK 17-Year Old Italian Restaurant Ready

Newport News, VA
Newport News City County

Asking Price: Annual Revenue:
$89,500 $600,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: 89452-BK 17-Year Old Italian Restaurant Ready Broker: Bill Kelly Transworld Business Advisors of Richmond VA

Quick Facts

Asking Price: $89,500
Annual Revenue: $600,000
Net Profit: Not Disclosed
Cash Flow: $50,000
Total Debt: Not Disclosed
FF&E: $125,000
Real Estate: Not Disclosed
Year Established: 2001
Employees: 10
Listing Number: 728543891

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Business Overview:

Beautiful 17-Year Old Italian Restaurant with loyal customer base is ready for the next generation of owners.

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Property Features and Assets:

Fine dining Italian restaurant has been profitably run for 16 years, Many loyal customers return week after week. Beautifully decorated! Owner is retiring.

Market Competition and Expansion:

Very competitive prices and unmatched food and service has been the hall mark of this successful restaurant. Potential Growth Small advertising budget announcing new menu items will entice locals to check it out. Add wine tastings, catering, and local delivery through Uber-Eats / Grub Hub.

Reason for Selling:

Other business interests.

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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