Italian Restaurant / Bar - Recently Expanded
| Asking Price: | $375,000 | Inventory: | |
| Gross Revenue: | $400,000 | Real Estate: | n/a |
| Cash Flow: | Not Disclosed | FF&E: | n/a |
| ++ included in the asking price ** not included in the asking price | |||
This restaurant is an Italian eatery and bar with live entertainment, located in the Youngstown area. They provide a full kitchen and bar with a dining room that accommodates seating for approximately 100 people. They offer a diverse and high quality menu. Over the years they have built a very large and loyal client base. This client base has provided them with referrals generated by customer satisfaction and friendly service. The hours of operation are as follows: Monday thru Friday, 11 AM – 2:30 AM; Saturday, 12 PM – 2:30 AM; and Sunday, 1 PM – 9 PM.
About the Business
Employees:1 full time - 7 part time
Facilities:This restaurant is 4,500 sq. ft. with a lease of $3,039/mo. The parking lot is behind the building and adequate in size. There is also on street parking available. This eatery is located in an excellent location for a variety of clientele and large walk-in traffic. The building is set in a prime location providing it with high-visibility from the street. The interior of the restaurant is beautifully decorated and has been kept in top shape. The kitchen is very clean and all equipment has been kept in good condition.
Market Outlook and Competition:There are no authentic Italian restaurants in the area that provide the quality of this restaurant. This business keeps its customer base growing due to original and authentic food selections that are special to this restaurant. The potential to add more business and live entertainment is great due to recent expansion. They offer free wireless internet. There is also an option to add catering which would increase sales.
About the Sale
Management Training and Support:It is believed that the staff will continue with the new owner under the same guidelines of employment. The owner is willing to sign a non-compete agreement and train or consult the new owner for a negotiated amount of time.
Reason For Selling:Retirement
KEYWORDS: bar, restaurant, lounge, beer, wine, college, campus, students, beer, wine, liquor, eatery, cafe, coffee
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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