Highly rated restaurant with authentic regional Italian fare has won an unprecedented amount of rave reviews from customers about the outstanding food and spectacular ocean views. The head Chef and his wife are well known for their expertise in creating bona fide yet modern Tuscan cuisine and contemporary organic entrees that include homemade pasta and focaccia, fresh caught seafood, delicious risotto and more, all enjoyed with a glass of wine from the extensive cellar. Restaurant features a full-service bar; ABC Licenses 41 and 47 included in the sale.
Reservations are accepted via the OpenTable app, or can be delivered via DoorDash and GrubHub services. NDA is required for comprehensive Confidential Information Memorandum.
About the Business
Number of Employees:
Lease is effective through 2027. Rent averages $12,000 per month. Restaurant seats 75 in five large rooms and on a patio. Third-floor facility also features a large office and excellent storage. The view gets as much praise as does the food.
In this affluent tourist-oriented community, competition for extraordinary restaurants and the best dining experiences is plentiful. However, the difference in ratings is largely due to longevity. The area’s number one Italian restaurant has over 700 5-star reviews. It does not mean the food is any better, and the views are unbeatable. With the continuance of quality and targeted marketing the restaurant will become better known in all respects.
Growth & Expansion:
Greater hands on ownership or team up with the existing chef who is an equity partner.
Overseas ownership could not secure Visa. Time to sell.
If the price & deal structure is right.
Ad Detail Views:
Asking Price: $399,000 Gross Revenue: $750,000Cash Flow: Not DisclosedEBITDA: Not DisclosedInventory: Not Disclosed FF&E: Not Disclosed included in asking priceReal Estate: Not Disclosed Share this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
Ristorante Extraordinaire Profit Served Best Food, Views Full Liquor
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