Established Profitable Upscale Italian Restaurant

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Cash flowing successful established Italian restaurant with growth potential

Business Description

Own an established upscale Italian Restaurant for less than cost to build.

You could not build out this restaurant for this asking price !

New owner will have an existing customer base from day one. Located in high income area of Cumming GA. Successful history with good cash flow.
Recent Health Department score of 97.

Restaurant has been in this location for 11 year.

Very Important- Restaurant is only open for dinner 6 days per week-closed on Monday's. New ownership could open for lunch & Sunday Brunch to boost sales.

A quality reliable trustworthy Chef is in place as well as a staff of 16 other part time employees. You will have earnings from day one.

Current owner has done almost no creative advertising. Now ownership could to do some advertising to boost sales. Liquor and food sale percentage does vary- but recently liquor sales is hovering around 22% to 30%.

Beautiful wood finished surround the eatery in a tasteful fashion. Interior is not over done just beautifully finished with a classis look.

ALL furniture and fixtures and equipment to convey with the sale.

Seating capacity is 150.

DONT CALL RESTAURANT- ALL INQUIRIES GO THROUGH BROKER.

About the Business

Year Established:
2007
Number of Employees:
17
Real Estate:
Leased
Building Sq. Ft.:
3,000
Lease Amount/Mo.:
$6,700.00
Lease Expiration:
8/1/2022
Facilities:
Great frontage on Buford Highway. Lease expires in 2022. All furniture, fixture and equipment owned an in place-with the exception of the leased dishwasher machine ($97 per month dishwasher lease includes full service) New building very nice form the outside with more than ample parking. Residents from Windermere Subdivision can ride their golf carts to the restaurant.

POS system is " Focus " and paid off -included in the sale.

Beautiful bar area is separate from upscale dining area
Website:
ensureusa.com/business-brokerage/
Market Outlook/
Competition:
Prime location on Buford Highway residents at Windermere can ride their golf carts to the restaurant. No upscale Italian eateries in close proximity. Over 200 upscale homes are a golf cart ride away.
Growth & Expansion:
New owner could do advertise and do local promotions to boost top line.. Current owner does small percentage in Catering- more catering could be offered.

Also consider opening for lunch and Sunday Brunch. The wealthy demographic is in place in the surrounding area
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About the Sale

Reason For Selling:
Death in the family
Training/Support:
Owner will be available for the first two or three weeks - as needed.

Listing Info

ID:
1525394
Ad Detail Views:
77
Asking Price:
$214,000

Gross Revenue:
$610,000
Cash Flow:
$75,000
EBITDA:
$75,000
Inventory:
$30,000
not included in asking price

FF&E:
$220,000
included in asking price

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Business Listed by

James McGeehan

Ensure Capital
License# 384454

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