Beautiful and Cozy italian Restaurant since 1989 for Sale

Asking Price$260,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$625,000

Inventory$12,000
Included in asking price
FF&E$45,000
Included in asking price
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Beautiful and Cozy italian Restaurant since 1989 for Sale


Asking Price$260,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$625,000

Inventory$12,000
Included in asking price
FF&E$45,000
Included in asking price
Business Description
Established Italian Restaurant - Authentic Cuisine Since 1989

Gnocchi's Restaurant presents an exceptional opportunity to acquire a well-established Italian dining destination in Philadelphia. Operating successfully for over 35 years, this authentic Italian restaurant has built a loyal customer base through generations of traditional recipes and genuine hospitality.

Financial Performance:
• Annual Revenue: $625,000
• Cash Flow (SDE): $180,000
• Strong profit margins reflecting efficient operations
• Consistent performance with established customer loyalty

Business Highlights:
• Prime Philadelphia location with 35+ years of brand recognition
• Authentic Italian recipes passed down through generations
• Specializes in traditional Gnocchi dishes with skilled preparation
• Inclusive, welcoming atmosphere attracting diverse clientele
• Established customer base built over decades of operation
• Turn-key operation with experienced systems in place

Operational Details:
• 2,600 square feet of restaurant space
• Monthly lease: $4,000
• FF&E valued at $45,000
• Inventory ($12,000) included in asking price
• Home-based business structure

Owner retiring after decades of successful operation, offering 2 months of comprehensive support and training to ensure smooth transition. This represents a rare opportunity to acquire a beloved neighborhood institution with proven financial performance and growth potential.

The restaurant's reputation for authentic Italian cuisine, combined with its established operations and prime location, positions the new owner for continued success in Philadelphia's competitive dining market. Perfect for an experienced restaurateur or culinary entrepreneur seeking an established, profitable Italian restaurant.
About the Business
Years in Operation
37
Employees
7 (3 Full-time, 3 Part-time, 1 Contractor)
Currently Home Based
Yes
Facilities & Assets
Kitchen Equipment: Ovens, ranges, walk-in coolers, freezers, fryers, dishwashers, food prep tables.
POS systems, computers, printers, security cameras, and alarm systems.
Supplies & Inventory: Glassware, silverware, linens, plates, and remaining food/liquor inventory.
Brand & Reputation: Business name, logo, website, domain names, social media accounts, and goodwill.
Intellectual Property: Proprietary recipes, menu, and operating manuals.
Licenses & Permits: Liquor licenses, health permits, and operating permits.
Facility & Operational Assets:
Website
https://gnocchi-restaurant.com/
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
2,600
Rent
$4,000.00 per month
About the Sale
Seller Motivation
Retiring
Transition Support
2 months support and training to structure the sale to include a clear, agreed-upon period for training the new owner, ensuring a smooth transition of client relationships.
Listing Info
ID
2465974
Listing Views
Business Location

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Business Listed by: Elias H Timoult

Listing ID: 2465974 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. See our full Terms of Use. Learn how to avoid scams.


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