Profitable Italian Restaurant
| Asking Price: | $195,000 | Inventory: | $5,000 ** |
| Gross Revenue: | $415,165 | Real Estate: | n/a |
| Cash Flow: | $70,426 | FF&E: | $25,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
Here is a solid little Italian restaurant business for sale that makes sense for a savvy restaurateur or chef who wants to make a decent living from a well conceived operation. It has a good neighborhood location near downtown in a wonderful small mountain city that people love to go to retire. The current concept is working well and you can walk right in and make money without changing a thing – or add your own creative inspiration to take the business to the next level. Cash flow for 2008 from tax returns excludes salary to one partner, so add another $21K family income for a husband/wife team. Business has clean books with detailed accountant prepared financials available for due diligence. Contact Broker for details.
About the Business
Year Established:2007
Employees:2 full time - 3 part time
Facilities:Approximately 1938 square feet space on major thoroughfare near downtown Hendersonville. One partner owns property and offers 3 year triple net lease at $2500 per month. Premium quality equipment like Southbend ranges, Blodgett Pizza Oven, Hobart 60 Qt Mixer, etc. will convey. Natural light in the kitchen. The layout is ideal for a chef owner or husband-wife team to manage the operation efficiently with a small staff. Sixty-six seats inside with outdoor dining for 10. Currently has full liquor licenses and a small bar.
Market Outlook and Competition:Relatively few Italian restaurants in the area offer a variety of Italian fare in addition to pizza. The high traffic location has housed restaurants for decades and is in a very viable location with ample parking, good visibility and accessibility - and the population density vital to a successful neighborhood restaurant.Current owners have limited advertising relying primarily on word of mouth, limited hours could be expanded if desired, and catering business could be built up. 2008 was the first full calendar year of operation, maintaining great reputation will allow continued growth.
About the Sale
Management Training and Support:Sellers will work with new owner up to thirty days for training if desired.
Reason For Selling:Partner’s health issues force retirement
Seller Financing:Seller will consider financing up to $95,000 for 3-5 years on 10 year amortization balloon note for qualified buyers
KEYWORDS: Restaurant for sale, Italian Restaurant, Pizza, Pasta, steaks, Hendersonville NC, Western North Carolina, Mountains,
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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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