220430-TS 50 year established Italian Restaurant

Not Disclosed, VA
Chesterfield County


Asking Price: Annual Revenue:
$305,000 $650,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: 220430-TS 50 year established Italian Restaurant Broker: Tommy Salmani

Quick Facts

Asking Price: $305,000
Annual Revenue: $650,000
Net Profit: Not Disclosed
Cash Flow: $97,500
Total Debt: Not Disclosed
FF&E: $250,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 260443891
Broker Reference #: 9525-220430

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Business Overview:

Fantastic opportunity to own an established Italian restaurant in a prime location. With 50 years in business and 14 years in the same corner location on a major road this is a turn key opportunity for a new owner. With over $200,000 in kitchen equipment, $200,000 in build out, large outdoor seating, and a banquet room for parties this won't last long. Proven success spanning 5 decades means a new owner will not have to be concerned about turnover, and a proven formula and menu means you can come in and start making money immediately.

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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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