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Wilmington/Reading Italian Restaurant
Relocatable, MA
MIDDLESEX County
North Shore
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| Asking Price: | Annual Revenue: |
| $295,000 | $1,100,000 |
Food & Beverage: Restaurants, Fast Food, Deli
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RE: Wilmington/Reading Italian Restaurant
Contact: John Ruggieri
Owner Financing is Available!
TBD
Quick Facts
| Asking Price: | $295,000 | |
| Annual Revenue: | $1,100,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1940 | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 378419596 | |
| Broker Reference #: | JR147 |
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Business Overview:
SELLING PRICE: $295K DOWN PAYMENT: $100K
SALES VOLUME: Averaging $20K/wk …s/b $1.3M for 2023
LEASE: new negotiable lease available…graduated for the first few years
SQUARE FOOTAGE: approximately 5,000 sf. – 6,000 sf
HOURS OF OPERATION: 6 days, 11 am to 10 pm; closed Mondays.
SEATING: 150 seats
REASON FOR SELLING: Another owner/chef retiring
COMMENTS: Heavy traffic by your door. Across the street from a large shopping center. Great location on a numbered route. Plenty of parking and great visibility. Big, dry basement for storage and prepping. Talented, long-term staff will stay on. New blood, fresh marketing ideas, and entertainment will bring this great place to another level of success.
If you’re a qualified buyer with experience and financial resources, submit our NDA and I’LL TAKE YOU TO DINNER THERE.
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Property Features and Assets:
Very well equipped large kitchen area with plenty of prep area storage, as well as lots of dark woods and tufted leather seating, with a great granite topped u-shaped bar that seats 20.
Reason for Selling:
Retiring
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:
Relevant Links:
- View more Massachusetts businesses for sale
- View more Businesses For Sale in the same industry
- Sell a business online
- Find a business broker
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