Long Established Profitable Italian Restaurant

Southport, NC
Brunswick County


Asking Price: Annual Revenue:
$449,900 $1,159,453

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Long Established Profitable Italian Restaurant Broker: Robin Gagnon

Quick Facts

Asking Price: $449,900
Annual Revenue: $1,159,453
Net Profit: $68,512
Cash Flow: $64,391
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2004
Employees: 27
BBN Listing #: 56128096
Broker Reference #: 7421

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Business Overview:

With over $1.1 million in total sales, this profitable Italian Restaurant for Sale first opened in 2003 and is now available for you to purchase. The owner will take home over $160,000 this year for his part-time involvement in the operations.

Long established and profitable, this beautiful Italian Restaurant for Sale is favored by locals and the many vacationers who visit the area all year around. Just bring 30% down and We Sell Restaurants can get you approved for SBA lending in a matter of days.

Offered by We Sell Restaurants, this Italian Restaurant for Sale has a formal dining room, a comfortable lounge and a quick-serv area. Their customers have enjoyed locally caught seafood and farm-fresh produce from the regular menu and the nightly dinner specials for many years. From classic Italian dishes and fresh-caught seafood dishes to hand-tossed New York Style pizza, soups, salads and of course house-made deserts.

Rent on this Italian Restaurant for Sale is just $7,000 for this 7,200 square foot space and includes everything but utilities. The quick-serv area and lounge is open from 11 AM to 9 PM and the formal dining room is open from 4 PM to 9 PM. There are 150 inside seats. The current lease is month to month giving you an opportunity to negotiate a totally new lease.

Turn-key and ready to go on day one, this Italian Restaurant for Sale has an extensive equipment list with everything you need to operate this profitable restaurant. From smallwares to the commercial kitchen, it couldn't be easier to walk-in and continue the operations without missing a meal!

This owner is ready to retire but no worries, he is willing to train a new buyer for two weeks. Additionally, the staff at this Italian Restaurant for Sale are all long-term, loyal employees that customers have been raving about for years.

Southport is a small-town coastal community with a population of 3,625, and Brunswick County population is over 19,000. But don’t be fooled by these numbers, this is a very popular vacation area bringing thousands of visitors who return year after year. Popular vacation destination Oak Island, NC is just across the bridge and the ferry brings in hundreds per day from the Fort Fisher area. Southport is hub of all these coastal towns, and this Italian Restaurant for Sale is right in the middle of it all!

Nearby Southport Marina is an award-winning family and recreational marina in Southport, NC. Open to the public year-round, this privately-owned marina is an amenity-laden facility enjoyed by thousands each year. The area is extremely popular for the entertainment media. In fact, there have been 42 TV shows and movies filmed here. All in all, it’s a great place to live and own a business just like this Italian Restaurant for Sale.

Buying this Italian Restaurant for Sale is a great opportunity to move up to a serious operation with multiple income streams. Take the next step and talk to the brokers here at We Sell Restaurants…

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:

1 Bar Hand Sink 7 Battery Backups, UPS 2 Bench Seats, 1 person 18 Bench Seats, 2 person 2 Bench Seats, corner 1 Bench, Wooden 1 Blender, Bar 1 Blender, Immersion 1 Bread Warmer 3 Cabinet with drawers 9 Chafing base 1 Chafing kit, round 9 Chafing lid 9 Chafing water pan 25 Chairs, Hi top Bar Stools 80 Chairs, Wood 4 Champagne Chiller with Stand 6 Child Hi Chair 1 Computer, Desktop 1 Computer, File Server, POS 4 Computer, Terminal, POS 1 Cooktop, 4 Burner 2 Cooktop, 6 Burner with oven 1 Cooler, 2 drawer, 1 Door 1 Cooler, Bar Kegerator 1 Cooler, Line Finishing Low Boy 1 Cooler, liquid dispenser, round plastic, blue 1 Cooler, Pizza Low Boy 3 Cooler, Reach in Bar 1 Cooler, Reach-In Display, Pizza 1 Cooler, Walk in 1 Crepe Maker 1 Espresso Bean Grinder 1 Espresso Machine 1 Food Processor 1 Freezer, Reach In Countertop 1 Freezer, Reach-in 1 Fryolator 1 Gelato Maker 1 Hostess Podium 2 Ice Bins, Bar 1 Ice Machine 1 Mandoline 1 Mixer, 20 Qt with bowls and attachments 1 Mixer, 60qt 1 Mixer, Hand 1 Oven, Convection 2 Oven, Pizza 1 Panini Press 1 Pasta Cooker 5 Phones 1 Phones, cordless 2 Printers, Desktop 1 Scale 1 Scale 1 Scale, Digital 1 Scale, Electronic 1 Security System, Alarm 1 Security System, Camera 1 Sink, 3 bin 2 Sink, Bar with Ice Bin 5 Sinks, Hand 2 Sinks, Prep 2 Slicer, Electric 6 Steam Tables 1 Television sets 27 inch 2 Television sets 32 in ch 1 Television sets 50 inch plasma

Market Competition and Expansion:

Located in Brunswick County, the fastest growing in the state and 4th in the country.

Reason for Selling:

Retiring

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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