Iconic, profitable restaurant for sale
Business Description
Iconic Italian Restaurant - Nearly 50 Years of Proven Success
Established in 1980, this legendary Italian restaurant represents a rare opportunity to acquire a turnkey operation in the heart of a resort community in Deschutes County, Oregon. With nearly five decades of continuous operation, this iconic establishment has built an unparalleled reputation and loyal customer base spanning multiple generations.
Business Overview:
This profitable restaurant operates as a dinner house with strong food and wine programs that have made it a destination for both locals and tourists. The business benefits from its prime location in a small resort village with limited competition, creating a protected market position that has contributed to its long-term success.
Financial Details:
Asking Price: $620,000
Lease: $10,500/month through September 2036
Building: 6,668 square feet
Financing: Seller financing available up to 50%
Key Strengths:
• Nearly 50 years of established operations with proven profitability
• Generations of loyal patrons providing stable customer base
• Experienced long-term staff and two seasoned managers in place
• Strong food and wine program with excellent reputation
• Limited competition in resort village location
• Existing pizza and catering programs with growth potential
Growth Opportunities:
Significant expansion potential exists through adding lunch service, as the restaurant currently operates dinner only. The established pizza and catering programs offer additional revenue growth opportunities with targeted marketing and operational focus.
Support & Transition:
The current owner, after 20+ years of successful operation, will provide up to four months of training to ensure smooth transition. With experienced management already in place, the new owner can step into a well-functioning operation.
This represents an exceptional opportunity to acquire a legendary restaurant with decades of goodwill, established systems, and significant growth potential in a desirable resort market.
Established in 1980, this legendary Italian restaurant represents a rare opportunity to acquire a turnkey operation in the heart of a resort community in Deschutes County, Oregon. With nearly five decades of continuous operation, this iconic establishment has built an unparalleled reputation and loyal customer base spanning multiple generations.
Business Overview:
This profitable restaurant operates as a dinner house with strong food and wine programs that have made it a destination for both locals and tourists. The business benefits from its prime location in a small resort village with limited competition, creating a protected market position that has contributed to its long-term success.
Financial Details:
Asking Price: $620,000
Lease: $10,500/month through September 2036
Building: 6,668 square feet
Financing: Seller financing available up to 50%
Key Strengths:
• Nearly 50 years of established operations with proven profitability
• Generations of loyal patrons providing stable customer base
• Experienced long-term staff and two seasoned managers in place
• Strong food and wine program with excellent reputation
• Limited competition in resort village location
• Existing pizza and catering programs with growth potential
Growth Opportunities:
Significant expansion potential exists through adding lunch service, as the restaurant currently operates dinner only. The established pizza and catering programs offer additional revenue growth opportunities with targeted marketing and operational focus.
Support & Transition:
The current owner, after 20+ years of successful operation, will provide up to four months of training to ensure smooth transition. With experienced management already in place, the new owner can step into a well-functioning operation.
This represents an exceptional opportunity to acquire a legendary restaurant with decades of goodwill, established systems, and significant growth potential in a desirable resort market.
About the Business
- Years in Operation
- 46
- Employees
- 27 (4 Full-time, 23 Part-time)
Built in long term, experienced staff - Facilities & Assets
- Full service restaurant and lounge. Fully equipped and furnished. Large inventory of wine, liquor and food negotiable in the price.
- Market Outlook / Competition
- Long standing, iconic restaurant with a strong local and tourist following. Limited competition and room for growth
- Opportunities for Growth
- Currently only operating as a dinner house. Growth easily obtained by adding lunch. Our pizza and catering programs are fairly strong but could also be easily grown with desire and advertising.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 6,668
- Rent
- $10,500.00 per month
- Lease Expiration
- 9/7/2036
About the Sale
- Seller Motivation
- After over 20 years in the business, owner is looking to pursue other interests.
- Transition Support
- Owner willing to train up to 4 months. Two, long term managers already on site, as well.
- Financing Options
- Seller can carry up to 50 percent
Listing Info
- ID
- 2502695
- Listing Views
- 11
Listing ID: 2502695 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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