Absentee Owner Italian Restaurant

Not Disclosed, NC
Guilford County


Asking Price: Annual Revenue:
$1,100,000 $1,935,410

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Absentee Owner Italian Restaurant Broker: Greg Barnes
Owner Financing is Available!

Quick Facts

Asking Price: $1,100,000
Annual Revenue: $1,935,410
Net Profit: Not Disclosed
Cash Flow: $683,664
Total Debt: Not Disclosed
FF&E: $270,000
Real Estate: Not Disclosed
Year Established: 2008
Employees: 14
BBN Listing #: 681849300
Broker Reference #: 14341-230204

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Business Overview:

Italian Restaurant for sale with huge sales potential! This Italian Restaurant and pizza shop is experiencing huge sales growth in 2022. Opened in 2008 and sales are climbing month after month. This restaurant is in mint condition for any new buyer to get in at ground level. Don't build a brand new restaurant from scratch. Purchase this established restaurant with sales-ready to go. Currently, this Italian restaurant is projected to close over 2 million in sales in 2022 year.
This seller has spared no cost to this stunning restaurant. Upon entering you will be amazed at the dedication this restaurant owner puts into their Restaurant. Fully equipped and ready to go for any new owner. Serving up some of the best Italian and pizza in town. Very popular amongst the locals, and sales growth is a testament to major potential. Passion for food is an obvious characteristic of this seller. All menu items and recipes are available with purchase so any new buyer can experience the same success! The website is included as well. Famous menu items such as antipasti, calzone, NY-style pizza, gourmet pizza, salads, and some of the best pasta dishes around. Dessert is a staple in this restaurant with one of the best cannoli recipes around.
This restaurant is 3,118 square feet with an all-in monthly rent of $5,211. Plenty of room for profit and not having a rent payment weigh you down. The restaurant is ready for buyers on day one. No need to invest in improvements or additional equipment. All equipment is ready to go and available for inspection. With sales increasing month after month this kitchen will be able to handle any sales volume. With items such as hood system, walk-in cooler, walk-in freezer, pizza ovens, fryer, grill, stovetop, slicer deli tables, and the list goes on and on.

The addition of digital marketing would greatly increase sales.

Very little competition

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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 a homebased business opportunity.
  • This is not a franchise resale opportunity.

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