Pizza/Authentic Italian Full Svce. Restaurant -Absentee Ownership!

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Asking Price:
$325,000

Gross Revenue:
$790,774
Cash Flow:
$103,684
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

Serving the area for 9 years, with a gross revenue that far exceeds similar sized Italian restaurants within the area, do yourself a favor and take a look at this one before you buy any other restaurant! This well established and consistently profitable business has grown into a regionally very popular, family friendly business. Passion for quality food and great service at an affordable price are what has set this restaurant apart from its competition. Extending the hours and days of operation could greatly increase gross sales.

This business employs a highly motivated, autonomous staff with absentee ownership.

A great growth potential lies in the bar area where a new owner could employ a professional bartender and offer drink specials and cocktails to compliment the outstanding food!

A business that already enjoys both local and regional patrons, this business is centrally located in a busy strip center, with a very established and built-up community, which includes 70 townhomes, and 13 apartment buildings, which are being completed.

The building boasts a 16 HD camera security system that includes phone application and an upgraded POS system that includes 6 stations with chip readers. The potential to double the revenue exists with the ability to host parties and events in this spacious location.

The growth potential of this business is limited only by the creativity of a new owner/operator. The seller is highly motivated due to the loss of a family member.

This restaurant / bar is won't disappoint - please inquire today!

About the Business

Location:
Cabarrus County, North Carolina
Year Established:
2009
Number of Employees:
20
Real Estate:
Leased
Building Sq. Ft.:
5,200
Rent:
$7,000.00 Per Month
Facilities:
Located in a busy strip center, with plenty of parking. The facility is 5,200 SF.
Market Outlook/
Competition:
This business is located near a regionally popular shopping mall, and there are numerous restaurants in the area.
Growth & Expansion:
The growth potential of this business is limited only by the creativity of a new owner/operator. There is space for a new owner to host nighttime events, and with the area's population growth, new business is assured.
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About the Sale

Reason For Selling:
Seller is retiring!
Training/Support:
Negotiable, up to 6 months.
Seller Financing:
Seller will consider some financing for the right, qualified buyer.

Listing Info

ID:
1504288
Ad Detail Views:
526

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$
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Business Listed by

Joe Vagnone

ENLIGN Business Brokers

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Sponsoring Broker:

Jeff Snell, CM&AP, M&AMI, LCBI, ABI
ENLIGN Business Brokers

U.S. Census Data for Cabarrus County, NC
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Cabarrus County, NC
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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