Iconic Restaurant for Sale in Mahoning, County. Six Figure Earnings!

Contact Seller
Italian Restaurant for Sale earns six figures on the books!
Asking Price:
$1,499,999

Gross Revenue:
$3,334,828
Cash Flow:
$370,433
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Share this business:

Business Description

This Italian Restaurant for sale in Mahoning County is a big moneymaker for an owner operator. Current owner makes over $370,000 a year! This Award-Winning Restaurant for sale is highly known for its wine selection.
Italian Restaurant for sale has big earnings, a loyal following and has been established for over 30 years. Why start something new when you can take over the reins of this successful business? Owner benefit on this successful operation is more than $370,000 a year on sales over $3 million.
It's easy to earn profits this high when your fixed costs and overhead from rent are so low on this Italian restaurant for sale. The restaurant brokers are submitting it for lending which should be no problem since the books and records are excellent.
This Italian Restaurant for Sale in Mahoning County is 6200 square feet with a very reasonable rent of only $7500 per month. The space can seat 240 customers inside and has a beautiful outside patio that seats 40 customers. This location has a commercial kitchen that is fully equipped with everything you need to keep this successful business operating. Location offers great street visibility with quick access to highway.
This Restaurant for Sale menu features steaks, seafood, pasta, chicken, veal, fish, and an ever-changing wine list. This Italian restaurant for sale has both traditional and unique Italian fare, a great wine list and service that is off the charts when you read reviews online. The seller will transfer all his knowledge, expertise and recipes to you as the new owner when you buy this Italian restaurant for sale.
This restaurant for sale has built a very successful pre-paid Gift Certificates program with its customers with sales of $100,000 a year. This restaurant for sale comes with a repeating catering business for parties, birthdays, holidays, business meetings, and religious events.
Online comments range from “We thought we were in Italy at the first bite.” To “Frankly, I wanted to lick my plate when I finished.” Take over the reins of this successful restaurant for sale today.
Wine and liquor are served on premise with high margins. For full information and qualify for a package on the listing, electronically acknowledge our confidentiality agreement and contact the restaurant brokers to qualify.

About the Business

Location:
Mahoning County, Ohio
Year Established:
1986
Number of Employees:
55
Real Estate:
Leased
Building Sq. Ft.:
6,200
Rent:
$7,502.00 Per Month
Lease Expiration:
12/31/2019
Facilities:
4 High Top Tables 10 Small 2 Top 20 Rect 4 Top 24 Square 4 Top 20 Patio Tables 30 Bar Stools 250 Dining Chairs 40 Patio Chairs 24 Booth Tables 12 High Chairs 8 Booster seats 10 Buffet Tables 5 PREP TABLES 2 STAND ALONE ICE BIN 2 BAR STAND ALONE ICE BIN GLASSWARE 400Reidel Wine Glasses 200 10oz Martini Glasses 80 8oz Martini Glasses 200 Champ Flute 200 Pint glass 20 Snifter 20 6 oz wine carafe 20 Copper Mugs 40 12oz rocks glass 40 10 25oz rocks glass 40 12 oz beveled rocks glass 20 Whisky snifter 10 Large bar shaker 5 Small bar shakers 100 12 oz coffee cup 16 oz mixing glasses NIB 20 8oz LIBBY rocks glasses NIB PLATEWARE 300 B and B Plates 200Small round 16 oz soup bowl 30Canoe Boat 200 Large Oval Plates 30 Large Round Shallow Bowl 150 Large Square Plate 60 Medium Square Plate 60 Large Rectangle Plate 30 Brulee Cups KITCHENWARES 30 Glassware wash rack 10 Rolling glass rack 30 Dish racks 3 Silverware wash rack 10 Coffee Urns Pitcher 50 Large Platter Trays 30 Small Sautee Pans 30 Large Sautee Pans 3 Handled small cast iron 2 Small cast iron dish 6 Fry Baskets 4 Mesh Strainer 10 Small Pot 15 Large Pot 15 Large Cutting Boards 3 Large Sifter 2 Collander 20 Large Ladels 10 Med Ladels 15 Small 1oz Ladels 10 Small Thong 10 Med and Reg size Thong 5 Fish Spatula 4 Spatula 15 Large spoons 6 Whisk Lids Pans 50 Hotel pans 15 Large Trash can Industrial Slim Trash cans BAR 2 Summit Commercial Dual Zone Wine Cellar 2 Midea Freez
Website:
www.wesellrestaurants.com
Market Outlook/
Competition:
This is one of the few independent owned restaurants for sale with sales over 3 million a year on the market This business has dominated the competition in the area and is a landmark location in the County
Growth & Expansion:
Catering business for parties birthdays holidays business meetings religious events and weddings are a great source to increase business Continue the success of the gift certificate program with repeat customers will help continue to help sales grow
Contact the Seller

About the Sale

Reason For Selling:
Personal
Training/Support:
Yes

Listing Info

ID:
1560386
Ad Detail Views:
80

Contact the Seller
Please confirm you're not a robot
Contact the Seller
Business Listed by

Dominique Maddox

We Sell Restaurants
License# GA SL 331671

 Show Phone Number

View My 17 Active Listings
Sponsoring Broker:

Eric Gagnon
We Sell Restaurants
License# H49152


Similar Listings


Report an Issue 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 & Conditions.