Ristorante Extraordinaire Profit Served Best Food, Views Full Liquor

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Ristorante Extraordinaire Profit Served Best Food, Views Full Liquor

Business Description

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

Year Established:
2016
Number of Employees:
11
Facilities:
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.
Market Outlook/
Competition:
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.
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About the Sale

Reason For Selling:
Overseas ownership could not secure Visa. Time to sell.
Training/Support:
As needed.
Seller Financing:
If the price & deal structure is right.

Listing Info

ID:
1536815
Ad Detail Views:
41
Asking Price:
$525,000

Gross Revenue:
$750,000
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

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Business Listed by

Rick Carlson

ProNova Partners
License# 01869984

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

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

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