Upscale Italian Restaurant - All Offers Considered
| Asking Price: | $259,000 | Inventory: | $12,000 ** |
| Gross Revenue: | $523,292 (comments below) | Real Estate: | n/a |
| Cash Flow: | $100,986 (comments below) | FF&E: | $175,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
| Gross Revenue Comments: 2008 | |||
| Cash Flow Comments: SDE | |||
Seller has health issues. Will consider any reasonable offer.
Absolutely turn-key, this upscale Italian restaurant shows pride of ownership and is ready to provide an excellent income for the right owner/operator. Built out in 2004, the owner spared no expense with state-of-the-art systems including video surveillance and a POS system. Both can be monitored remotely via the internet. A high end sound system sets the mood with background music as well as handling the live entertainment the restaurant is noted for. True Northern Italian style recipes and Sicilian style pizzas keep customers coming back. Seasoned kitchen and dining room managers keep the business running smooth even when the owners are on vacation. Don’t miss this gem.
Absolutely turn-key, this upscale Italian restaurant shows pride of ownership and is ready to provide an excellent income for the right owner/operator. Built out in 2004, the owner spared no expense with state-of-the-art systems including video surveillance and a POS system. Both can be monitored remotely via the internet. A high end sound system sets the mood with background music as well as handling the live entertainment the restaurant is noted for. True Northern Italian style recipes and Sicilian style pizzas keep customers coming back. Seasoned kitchen and dining room managers keep the business running smooth even when the owners are on vacation. Don’t miss this gem.
About the Business
Year Established:2004
Employees:5 full time - 6 part time
Facilities:2800 SF plus patio, 200 seat capacity
Market Outlook and Competition:Given the economy 2009 looks to be similar to 2008. No real upscale competition in area.
About the Sale
Management Training and Support:As required and negotiated
Reason For Selling:Health issues
Seller Financing:$70,000 at 7.5% for 36 months or make offer
KEYWORDS: italian,restaurant,entertainment,piano,bar,pizza,live,patio,pasta,steak
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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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