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- RE: Long-Established, Highly Regarded Restaurant
- Contact: Not Disclosed
Quick Facts
Asking Price: | $535,000 | |
Annual Revenue: | $1,780,327 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $47,550 | |
Total Debt: | Not Disclosed | |
FF&E: | Not Disclosed | |
Real Estate: | Not Disclosed | |
Year Established: | Not Disclosed | |
Employees: | Not Disclosed | |
BBN Listing #: | 990879 | |
Broker Reference #: | Not Disclosed |
Business Overview:
A rare opportunity to acquire a well-established, highly respected restaurant with over three decades of continuous success. Known for its elevated European-inspired menu, specialty cocktails, and live entertainment, this destination has become a local favorite, consistently serving both loyal regulars and new guests. The inviting interior features a recently updated bar, refreshed flooring and finishes, and a remodeled restroom. Guests enjoy both indoor and outdoor seating, including a beautifully appointed front patio. The outdoor terrace, updated in recent years, offers additional al fresco dining.
The cozy, workable kitchen is fully equipped with newer appliances, including a recently upgraded walk-in compressor, modern pantry and line refrigeration, a newer oven and freezer, and a contemporary POS system with online ordering capabilities. Security cameras cover the premises inside and out for added safety and operational ease.
Holding a sought-after Type 47 Cabaret Liquor License, the restaurant also offers regular live music performances through a professional entertainment service, enhancing the vibrant atmosphere.
Operationally efficient, the business benefits from a seasoned and stable team, with many employees boasting years — even decades — of tenure. Current hours focus on lunch and dinner service Tuesday through Saturday, with flexibility to expand if desired.
The business enjoys strong vendor relationships with major alcohol distributors and is fully turnkey for a new owner ready to step into a thriving and well-maintained operation.
PARKING: Parking available in lot
EQUIPMENT: The equipment is in excellent condition and has been well maintained.
LEASE TERM: 5 years remaining with one (1) five-year option
BASE RENT: Approx. $8,318 per month
CONCEPT: Italian Restaurant
SIZE: 1,900 SF
SEATS: 94
HOURS: Open 5 days a week (Tues-Sat)
LICENSES: Type 47 Liquor License
SALES: $1,780,327 in 2024
CASH FLOW: $47,550
ASKING PRICE: $535,000 (For the Business)
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Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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