Seller's Contact Information
- RE: High Profit Specialty Italian Restaurant
- Contact: John Lastra
- License #: 9213
Quick Facts
| Asking Price: | $425,000 | |
| Annual Revenue: | $951,526 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $230,285 | |
| Total Debt: | Not Disclosed | |
| FF&E: | 70,400 | |
| Real Estate: | Not Disclosed | |
| Year Established: | Not Disclosed | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 73302818 | |
| Broker Reference #: | Not Disclosed |
Business Overview:
The Italian Restaurant was established in the early 1970’s and has continually operated as a family owned made from scratch Italian restaurant since its inception. The business has an established reputation for being the leading specialty scratch made Italian restaurant in Albuquerque, NM. To assure consistency and quality all recipes are documented and closely followed.
The restaurant is the leader in Gluten-Free food preparation and is again, a Pioneer in this field. Gluten-Free recipes were developed and brought to the menu and are strictly proprietary.
The restaurant is open for dinner seven days per week starting at 5:00pm, performs special scheduled catering events and also produces and sells “its proprietary traditional marinara sauce” in the restaurant and from select area retail stores.
The Italian Restaurant to include all furniture, fixtures, and equipment, $6,500.00 of product inventory, trade name, covenant not to compete and training is offered for sale for $425,000. It is anticipated that the Seller will finance 10% of the sales price and SBA guaranteed bank financing would be available for the business purchase price with a buyer down payment of approximately $42,500. Additionally the real property in Albuquerque, New Mexico is for sale for $ 850,000 and SBA guaranteed financing would be available for the real estate purchase with a buyer down payment of 10%
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Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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