Italian Restaurant with Loyal Customer Base

Not Disclosed, NC
Greene County


Asking Price: Annual Revenue:
$345,000 $547,599

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Italian Restaurant with Loyal Customer Base Broker: Tony Khoury
Owner Financing is Available!
$172500.00

Quick Facts

Asking Price: $345,000
Annual Revenue: $547,599
Net Profit: Not Disclosed
Cash Flow: $260,757
Total Debt: Not Disclosed
FF&E: $60,000
Real Estate: Not Disclosed
Year Established: 2014
Employees: 9
BBN Listing #: 447558201
Broker Reference #: 13485-305384

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Business Overview:

This authentic Italian restaurant is a gem! Located in a smaller Eastern North Carolina town, it has a very loyal customer base and is the only Italian restaurant in this community. This hot spot has experienced an increase in sales every year since it first opened five years ago. The menu offers a variety of popular dining options with delivery, along with a wide variety of beverage options.

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Property Features and Assets:

Owner purchased this free-standing building in a high traffic location in 2014 and then performed extensive renovations prior to opening. Extra freezer and a storage area are located on the exterior of the building, with ample parking spaces for customers. Over the last 5 years, sales have steadily increased, with this business being an anchor restaurant in this small community. This free-standing building is located at a prominent location, with high visibility off of the main road. Ample parking exists for both customers and employees.

Market Competition and Expansion:

This restaurant is the only Italian restaurant in this community. Potential Growth: Sales have increased every year since this restaurant has been established, with growth due primarily through word of mouth and with minimal advertising.

Reason for Selling:

Moving

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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