Italian Restaurant
Business Description
ESTABLISHED ITALIAN RESTAURANT - PRIME MAIN STREET LOCATION
This turnkey Italian restaurant represents an exceptional opportunity for an entrepreneur seeking an established business with strong fundamentals and growth potential. Operating successfully since 2016 in Pendleton, IN, this 4,500 square foot establishment has built a stellar reputation with outstanding customer ratings of 4.9 on OpenTable and 4.7 on Google.
FINANCIAL HIGHLIGHTS:
- Annual Revenue: $1,150,000
- Asking Price: $600,000
- FF&E Value: $80,000
- Inventory: $20,000 (included)
- Seller financing available
BUSINESS FEATURES:
- Prime Main Street location in heart of city
- 4,500 sq ft fully equipped facility
- Indoor bar and spacious patio
- Complete kitchen with modern equipment
- Established customer base and brand recognition
- Current absentee ownership model
- Experienced staff in place
LOCATION ADVANTAGES:
- Central to all city amenities
- Surrounded by luxury residential complexes and gated communities
- No direct competition in the immediate area
- High visibility Main Street positioning
GROWTH OPPORTUNITIES:
- Capacity for increased seating
- Marketing and sales expansion potential
- Benefiting from ongoing city growth and development
- Established operations allow focus on revenue enhancement
LEASE TERMS:
- Building is leased (not owned)
- Lease expires November 25, 2030
- Favorable lease arrangement in prime location
The current owner is selling to focus on family priorities and is committed to ensuring a smooth transition for both staff and new ownership. With strong financial performance, excellent location, and proven operations, this restaurant offers the perfect combination of established success and future growth potential.
This opportunity provides significant cost savings compared to new construction while delivering immediate cash flow from day one. The business is perfectly positioned for an owner-operator or investor seeking a profitable, well-established restaurant in a growing market.
This turnkey Italian restaurant represents an exceptional opportunity for an entrepreneur seeking an established business with strong fundamentals and growth potential. Operating successfully since 2016 in Pendleton, IN, this 4,500 square foot establishment has built a stellar reputation with outstanding customer ratings of 4.9 on OpenTable and 4.7 on Google.
FINANCIAL HIGHLIGHTS:
- Annual Revenue: $1,150,000
- Asking Price: $600,000
- FF&E Value: $80,000
- Inventory: $20,000 (included)
- Seller financing available
BUSINESS FEATURES:
- Prime Main Street location in heart of city
- 4,500 sq ft fully equipped facility
- Indoor bar and spacious patio
- Complete kitchen with modern equipment
- Established customer base and brand recognition
- Current absentee ownership model
- Experienced staff in place
LOCATION ADVANTAGES:
- Central to all city amenities
- Surrounded by luxury residential complexes and gated communities
- No direct competition in the immediate area
- High visibility Main Street positioning
GROWTH OPPORTUNITIES:
- Capacity for increased seating
- Marketing and sales expansion potential
- Benefiting from ongoing city growth and development
- Established operations allow focus on revenue enhancement
LEASE TERMS:
- Building is leased (not owned)
- Lease expires November 25, 2030
- Favorable lease arrangement in prime location
The current owner is selling to focus on family priorities and is committed to ensuring a smooth transition for both staff and new ownership. With strong financial performance, excellent location, and proven operations, this restaurant offers the perfect combination of established success and future growth potential.
This opportunity provides significant cost savings compared to new construction while delivering immediate cash flow from day one. The business is perfectly positioned for an owner-operator or investor seeking a profitable, well-established restaurant in a growing market.
About the Business
- Years in Operation
- 9
- Employees
- 12 (5 Full-time, 7 Part-time)
- Facilities & Assets
- Historic Building on Main Street; IN State , 74 (or more) seats inside (includes 6 bar stools), 20 + seats outside covered, Equipment well maintained & replaced as needed (stove/oven, 3 freezers, 4 refrigerator, 2 cold stations, prep tables, hood system, fryer, chargill, panini press, , beer cooler, 3 wine cooler, glassware, smallwares, cookware, three bay sink, sound system, tables/chairs, etc..)
- Market Outlook / Competition
- Unlimited, no competition in the area.
- Opportunities for Growth
- Situated in a prime location in the heart of the city on Main Street, this restaurant for sale is central to everything the city has to offer, with numerous luxury residential complexes and gated communities making it a prime candidate for expansion.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 4,500
- Rent
- $6,500.00 per month
- Lease Expiration
- 11/26/2030
About the Sale
- Seller Motivation
- Focus on the Family
- Transition Support
- Prime location on Main Street - Strong Brand/reputation + Current ratings 4.9 Open table, 4.7 Google
Owners are flexible and want a smooth transition for staff and new owner(s) - Financing Options
- Any questions or details contact us. Lease can be renewed
Listing Info
- ID
- 2442528
- Listing Views
- 65
Listing ID: 2442528 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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