Semi-Absentee Highly Profitable 37 Yr Old Italian Restaurant
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This Italian restaurant is a landmark in the community, where it has operated for over 37 years! It has a Pizza/Takeout area in addition to the full-service restaurant, which seats 140 indoors and 40 outdoors, with a separate party room that is rented out for special occasions. The current owners opened the restaurant in 1989 and then expanded into the current location in 2008. They are now looking to retire and are leaving behind a fully functioning staff with management in place. The two owners each spend two/three days a week at the restaurant supervising, but all day-to-day functions are handled by the managers who will be staying on with the new owner. With sales consistently over 100k/month and profits of over 40k/month, this one is a no brainer! The business is approved for SBA financing with a down payment of 340k based on the current revenue and cash flow. The new owner would make back their investment in less than 15 months!
About the Business
- Years in Operation
- 37
- Employees
- 14
Real Estate
- Owned or Leased
- Leased
- Rent
- $60,000.00 per month
- Lease Expiration
- 9/30/2031
About the Sale
- Seller Motivation
- Retirement
- Transition Support
- 8 Weeks
Listing Info
- ID
- 2497309
- Listing Views
Listing ID: 2497309 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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