Italian Restaurant for Sale With 30 Year History o

Vermilion, OH
Lorain County

Asking Price: Annual Revenue:
$169,900 $353,044

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Italian Restaurant for Sale With 30 Year History o Broker: Eric Gagnon
License #: 85069

Quick Facts

Asking Price: $169,900
Annual Revenue: $353,044
Net Profit: Not Disclosed
Cash Flow: $65,295
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1991
Employees: 17
BBN Listing #: 59968096
Broker Reference #: 7260

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Business Overview:

Buy this Italian Restaurant for Sale on Lake Erie! Profitable location provides over $65,000 in take home pay to an owner operator along with a wonderful place to call home. SBA lending with just 30% down. After generating sales of over $350,000 and a lifestyle for their family for over 30 profitable years, these owners are ready to retire. You can take over the established business with proven profitability, long-term employees, repeat customers and a wonderful location. This Italian Restaurant for sale is your opportunity to step into a perfect turnkey operation. Full liquor license as well! Contact We Sell Restaurants today on this profitable location and with 30% down, we'll have you approved for lending. That's possible due to strong books and records which show earnings of over $65,000 on annual sales of $350,000. The balance will be spread over a ten-year loan term with favorable rates. Currently this Italian Restaurant for Sale is only open Wednesday through Saturday from 4pm to 10pm. Just imagine the boost in sales and your income by expanding the hours. Rent is unbelievable at $1,217 everything included for this 3,000 square foot space. There is also a potential to buy the building which has additional tenants and could provide you with even more income. The equipment list is extensive equal to restaurant size able to keep up with high-volume demand for quality food including a 10 burner stove, pizza making equipment and over, and plenty of freezer and refrigerator storage. The seller will fully train the new owner in all the recipes. The existing staff will also remain in place. Life-changing opportunity. The area on Lake Erie has sandy beaches, recreational boating, jet skis, canoeing and sail boats that adorn the harbor. On summer nights, residents and tourists congregate on a large public deck to watch boats sail back and forth in front of the Lake Erie sunset. What a perfect place to call home and own and operate a profitable Italian restaurant for ale like this one. Capitalize on the several annual festivals drawing over 150,000 visitors to the immediate area. This Italian restaurant for sale is located on the main highway going through the middle of the town. Don't pass by this wonderful opportunity to carry on the tradition of high profits, extremely satisfied customers, long-term employees with several significant upsides for even higher income.

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Property Features and Assets:

2 Beverage Air 2 door coolers Drink mixer Drink blender 600 lb Manitowoc ice machine Whirlpool dessert freezer Bunn coffee maker True 2 door cooler Arctic Air 1 door cooler Champion dishwasher Anets dough rolling machine Hobart dough mixer with attachments Two 3 door Manitowoc coolers Manitowoc 2 door freezer Two True 2 door freezers 10 burner Imperial stove Manitowoc 3 door pizza prep table Bolling 8 rack gas pizza oven Duke 3 well gas food warmer table Meilink 5 x 3 safe Back office space gas cornet fireplace Duke backup steamtable still boxed

Market Competition and Expansion:

Excellent area for locals and tourist.. many annual festivals bring thousands of people to the area each year. Highly visible location. Opportunity to tap into social media, web site, delivery options and other modern marketing techniques.

Reason for Selling:


Additional Details:

  • The property is leased.
  • The owner is not 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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