Hot-CANTON Italian Restaurant W/RE.

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S.Shore-Profitable Italian Restaurant w/ RE-$21K Wk!
Asking Price:
$825,000

Gross Revenue:
$1,100,000
Cash Flow:
$250,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed
included in asking price

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Business Description

Prime Spot, South Shore: Profitable & Established Italian Restaurant w/ RE
SALES VOLUME: $21K/wk,(STRONG) DELIVERY-TAKE OUT-65%.
SQUARE FOOTAGE: 1,400 sq ft, plus Full dry cellar.
HOURS OF OPERATION:: Mon-Sat 11am-9pm/ Closed Sundays,( when opened Sundays averaged approximately $3,000 per day)
SEATING 24 Inside
COMMENTS:
Prime Location, Free Standing, major state road, great traffic & visibility, easy access.
Owner occupied for 18 plus years, has underutilized Beer & Wine License.
Full dry cellar, Tight line and Kitchen, easy to operate as over 60% of sales is delivery & Take out.
Known for its great food & service , this profitable local landmark is on top of the creative food scale/scratch kitchen, fresh ingredients, fast service & delivery in this affluent area.
Open sundays ( minimum $,2500 in sales) add lottery, increase busy catering, its all here.
Get your investment back in 18 months or so. New septic system for the new owner. Contact Dennis for information and showing please --contact by email or call Bob he will be assisting Dennis on this listing.

About the Business

Year Established:
2000
Number of Employees:
18
Real Estate:
Owned
Facilities:
Free Standing w/ parking.
Real estate included in sale
New septic system being installed this fall.
Market Outlook/
Competition:
Very little competition on their creative level,
Growth & Expansion:
Plenty of room for further growth, opening sundays will increase sales dramatically plus your bottom line.
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About the Sale

Reason For Selling:
Owners have other family requirements.
Training/Support:
Up to 2 weeks if needed.

Listing Info

ID:
1532942
Ad Detail Views:
179

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Business Listed by

Dennis Serpone

New England Restaurant Brokers

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

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