Landmark Tablecloth Restaurant, Real Estate, Liquor License
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In a world full of bad restaurants for sale - THIS IS NOT ONE OF THEM???
Established 30+ years
150' state highway location
Liquor license worth $450k included
Cash flows $700k+/- every year with gross sales over $3M
Property recently appraised for $2.1M
Outdoor dining for 100+/- & 200+/- inside with parking to support it.
Facility in AAA condition throughout as owner has prepared well to sell
Staff and more importantly loyal customers have no reason to leave
150' state highway location
Liquor license worth $450k included
Cash flows $700k+/- every year with gross sales over $3M
Property recently appraised for $2.1M
Outdoor dining for 100+/- & 200+/- inside with parking to support it.
Facility in AAA condition throughout as owner has prepared well to sell
Staff and more importantly loyal customers have no reason to leave
About the Business
- Years in Operation
- 31
- Employees
- 35 (10 Full-time, 25 Part-time)
Large outdoor patios (2) require some seasonal servers - Facilities & Assets
- A very well equipped and very well maintained full service Italian restaurant with bar/lounge area, 3 separate dining rooms plus 2 outdoor patios. 150' state highway frontage with onsite parking and overflow lot with nieghbor.
- Market Outlook / Competition
- Present owner is old school. There is NO social media and sales are still $3M+. Incredible reputation.
CLOSED on SUNDAY missing a $10k day - Opportunities for Growth
- Open Sunday
Add Social Media
Raise the Prices
Add off premise catering
Real Estate
- Owned or Leased
- Owned
- Included in asking price
- Building Sq. Ft.
- 5,000
About the Sale
- Seller Motivation
- Retiring after a lifetime in the industry
- Transition Support
- Owner will stay on for a negotiated period. However, this operation is not for an inexperienced buyer. Ideal for chef with working front of house partner or an experienced FOH manager with the present loyal staff
- Financing Options
- Easily financed via SBA program or conventional lender
Listing Info
- ID
- 2504816
- Listing Views
- 31
Listing ID: 2504816 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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