89452-BK 17-Year Old Italian Restaurant Ready to Grow!

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Profitable! Expandable! Established! Growth Potential!
Asking Price:
$89,500

Gross Revenue:
$600,000
Cash Flow:
$50,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$5,000
included in asking price

FF&E:
$125,000
included in asking price

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Business Description

Beautiful 17-Year Old Italian Restaurant with loyal customer base is ready for the next generation of owners.

About the Business

Year Established:
2001
Number of Employees:
10
Real Estate:
Leased
Building Sq. Ft.:
2,500
Lease Amount/Mo.:
$2,900.00
Facilities:
Fine dining Italian restaurant has been profitably run for 16 years, Many loyal customers return week after week. Beautifully decorated! Owner is retiring
Market Outlook/
Competition:
Very competitive prices and unmatched food and service has been the hall mark of this successful restaurant.
Growth & Expansion:
Small advertising budget announcing new menu items will entice locals to check it out. Add wine tastings, catering, and local delivery through Uber-Eats / Grub Hub
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About the Sale

Reason For Selling:
other business interests
Training/Support:
2 weeks

Listing Info

ID:
1444848
Ad Detail Views:
79

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Business Listed by

Bill Kelly

Transworld Business Advisors of Richmond VA

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Sponsoring Broker:

Transworld Business Advisors CEO, Rupesh Bharad
Transworld Business Advisors of Richmond VA

U.S. Census Data for Hampton city and Newport News city Counties, VA
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Hampton city and Newport News city Counties, VA
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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