Italiano Ristorante - Modern Italian Restaurant For Sale

Asking Price$1,330,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$2,400,000

Inventory$20,000
Not included in asking price
FF&E$250,000
Included in asking price
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Italiano Ristorante - Modern Italian Restaurant For Sale


Asking Price$1,330,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$2,400,000

Inventory$20,000
Not included in asking price
FF&E$250,000
Included in asking price

Seller Financing Available
Business Description
Modern Italian Restaurant For Sale in Popular Lake Norman, NC

Turn key Italian dining experience in the heart of one of Lake Norman's most affluent communities.

After building this culinary staple into a machine generating over $400,000 in annual owner benefit for the past 5 years, ownership is looking to move on to focus their energy on other lucrative investments. The foundation is set ... all this place needs is a new captain at the helm to continue the current trajectory.

This modern Italian restaurant operates on a 6-day-week schedule, offering lunch & dinner service. The owner is semi-absentee with strategic key-holders and management potential in place.

Over 3,000SF with a very favorable lease rate at only $7,415/monthly rent that includes a beautiful 50-seat, year-round outdoor patio space. The surrounding Lake Norman community is robust with solid growth in the high income category = a growing customer base with steady disposable income.

Assets Include:
Full Bar
Outdoor Patio
Large Kitchen w/ 23' Hood
Walk-Ins
High-End Rationale Convection Oven
600# Hoshizaki Ice Machine

For more information about this and other business opportunities in the Lake Norman and Greater Charlotte area, contact Anthony Deresh @ National Restaurant Properties.
About the Business
Years in Operation
5
Facilities & Assets
Lifestyle Center in Affluent Lake Norman Community
Year-Round Outdoor Patio Space (50 Seats)
85 Seat Dining Room
Full Bar
Large Kitchen w/ 23' Hood
Market Outlook / Competition
Robust Lake Norman Demographics
Solid High Income Area
Opportunities for Growth
More and more rooftops coming
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
3,009
Rent
$7,420.00 per month
About the Sale
Seller Motivation
Focus on other investments
Transition Support
Yes. Owner will train and be available for on-going assistance
Financing Options
SBA Qualified w/ 20% Down
Listing Info
ID
2458702
Listing Views
2
Attached DocumentsAttachment Disclaimer

SpecSheet.LakeNormanItalian.pdf


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Business Listed by: Anthony Deresh National Restaurant Properties

Listing ID: 2458702 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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