Business For Sale

Italian Restaurant For Sale in Savannah!

Savannah, GA
Chatham County


Asking Price: Annual Revenue:
$349,000 $277,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Italian Restaurant For Sale in Savannah! Broker: William Reyes

Quick Facts

Asking Price: $349,000
Annual Revenue: $277,000
Net Profit: Not Disclosed
Cash Flow: $55,000
Total Debt: Not Disclosed
FF&E: $75,000
Real Estate: Not Disclosed
Year Established: 2015
Employees: 4
BBN Listing #: 703152907
Broker Reference #: 57971-89572

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Business Overview:

Here is the rare chance to own a champion restaurant in beautiful Savannah, Georgia! This restaurant easily has the best space, the best Italian food, and the best reputation.

This heart-warming Italian restaurant makes some of the finest food in all of Savannah imbued with a cozy feeling offering sit-down and take-away options for any type of customer.

• Excellent growth potential with SCAD students
• Beautiful, centralized location
• A grand kitchen perfect for caterers
• Stellar reviews with perfect ratings across Trip Advisor, Google, Yelp, and Facebook.

The current owner is selling because of a desire to retire. Additionally, the current owner will provide training, and is willing to sign a non-compete agreement.

If interested please contact Jacob Jones at Transworld Business Advisors of Savannah, o: 912-721-8808 or email: jjones@tworld.com.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

How does working in the world-renown town of historic Savannah sound? Founded in the late eighties, and established by the owner at its current location in 2015, this restaurant features a casual experience and has room to grow. This business is a turn-key investment that includes: an established reputation for delicious food; a convenient location; and the opportunity for potential growth. More importantly, this location has excellent reviews that will make any restaurant jealous. What does this mean? Buyers will be a purchasing a top restaurant, not only in genre and integrity, but in Savannah! The current owner is selling and has a desire to retire. Additionally, the current owner will provide training, and is willing to sign a non-compete commitment.

Market Competition and Expansion:

Italian restaurants are plentiful in the Savannah area, but for direct competitors, there are very few. With their fresh ingredients and wholesome procedure, this restaurant sets itself apart from many of the so-called ‘italian’ restaurants. No this is ‘Italian.’ More popular restaurants may come to mind, but those restaurants do not have the stellar reviews and they also cost twice as much for that lower quality food they offer. Showing Comments Potential Growth By nearly every measure, the 2017 outlook for Georgia’s economy is very good. The pace of GDP and personal income growth will both accelerate. Jobs will be plentiful and very well balanced, with gains in both goods-producing and service-providing industries. Existing home prices will rise to all-time highs. And, for the fifth-straight year, the state’s economy will grow faster than the nation’s. Georgia’s GDP is estimated to grow by 3.2 percent in 2017. That’s higher than the 2.6 percent growth estimated for 2016 and the 2.5 percent growth estimated for U.S. GDP in 2017. The state’s personal income will rise by 5.0 percent. Employment will rise by 2.1 percent, which exceeds the 1.5 percent gain estimated for the U.S., and unemployment will average 4.8 percent. That’s below what’s considered full employment, which is 5 percent. The last time we were at full employment was in 2007. Georgia is the 8th most populous state and 14 of Georgia’s counties ranked among the nation’s fastest growing.

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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Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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