Beautiful Italian Restaurant for Sale - Owner Retiring

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Beautiful Italian Restaurant for Sale - Owner Retiring
Asking Price:
$125,000

Gross Revenue:
$427,219
Cash Flow:
$60,251
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$1,000
included in asking price

FF&E:
$60,000
included in asking price

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Business Description

Beautiful Italian Restaurant and Bar for Sale in Great Virginia Beach Location - Owner Retiring after over 25 years

• $425,000 + Gross sales
• $60,000 + Cash flow
• Operating successfully for over 25 years
• Dinner only 6 days a week
• Catering provided for extra income
• Food made fresh from scratch daily
• Fantastic reputation for food quality and service
• Located in busy strip center
• Recently remodeled
• Fully equipped chef’s kitchen
• Turnkey operation
• 2,400 square foot facility
• Full staff in place
• Seller financing shows confidence in continued success
• Owner will train free of charge for 4 weeks in transition

As always, other brokers are welcome. Bring your qualified buyers while this opportunity still exists!

About the Business

Year Established:
1990
Number of Employees:
6
Real Estate:
Leased
Building Sq. Ft.:
2,400
Lease Amount/Mo.:
$3,312.00
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About the Sale

Reason For Selling:
retiring
Training/Support:
4 weeks
Seller Financing:
50000.00

Listing Info

ID:
1454669
Ad Detail Views:
541

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Business Listed by

Lex Meredith

Transworld Business Advisors

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Memberships:
U.S. Census Data for Virginia Beach city County, VA
Age

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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 Virginia Beach city County, VA
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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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