Tarantelli’s Italian Rest. – $2.9M Revenue Downtown Icon

Asking Price$850,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$2,949,688

InventoryNot Disclosed

FF&ENot Disclosed

Real Estate$1,745,000
Not included in asking price
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Tarantelli’s Italian Rest. – $2.9M Revenue Downtown Icon


Asking Price$850,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$2,949,688

InventoryNot Disclosed

FF&ENot Disclosed

Real Estate$1,745,000
Not included in asking price
Business Description
Turnkey, award-winning staple. $2.9M Rev. Includes $1.7M property
Transform your entrepreneurial vision into reality with Tarantelli’s Ristorante Italiano, an award-winning Italian restaurant that delivers immediate profitability and exceptional growth potential in Wilmington's thriving historic downtown district. Established in 2016 and consistently voted “Best Italian Restaurant in Wilmington,” this Southern Living–featured dining destination has become one of the city’s most recognized restaurants, attracting both loyal local patrons and the steady flow of visitors exploring Wilmington’s vibrant Riverwalk and historic downtown.

You'll acquire a turnkey operation generating approximately $2.9M in annual revenue with proven SDE of $315,891, eliminating startup risks while providing immediate cash flow from day one. This well-established brand has built exceptional customer loyalty over nearly a decade, ensuring your investment benefits from a restaurant concept that consistently attracts both locals and tourists.

Your acquisition includes a $1.745M real estate asset in a rapidly appreciating downtown market, creating dual investment value through both business operations and long-term property appreciation. The ±4,818 square foot facility, featuring more than $1M in professional build-out, eliminates costly renovation needs while offering two full bars and one of the largest outdoor dining spaces in downtown Wilmington—maximizing both guest capacity and revenue per square foot.
Scale your success immediately with multiple untapped revenue opportunities. Currently operating dinner-only six days per week, a new owner could significantly increase revenue by introducing lunch service, Sunday brunch, expanded private events, or seventh-day operations, all without requiring additional infrastructure investment.

You'll inherit operational excellence with approximately 33 trained employees, including seasoned team members with over five years of tenure, helping ensure a smooth ownership transition and consistent service quality. The complete package includes exclusive family recipes, all furniture, fixtures, equipment, and intellectual property rights including trademark-protected rights to the Tarantelli’s name and logos, which will convey with the sale.

This rare opportunity combines the stability of an established market leader with the growth potential of an underutilized asset in one of the region's most desirable dining destinations. It is ideally suited for investors seeking immediate returns, lifestyle business owners wanting proven systems, or experienced restaurateurs looking to expand their portfolio with a well-established and highly respected brand.
About the Business
Years in Operation
10
Employees
33 Full-time
Facilities & Assets
This ±4,818 SF Class A facility features a $1M+ build-out with signature brick and wood finishes. It accommodates ±150 guests , including a prime 34-seat outdoor patio. The professional kitchen is equipped with a 10-burner range, pizza ovens, walk-in refrigeration, and a Hobart H600 mixer. The sale is fully turnkey, including all furniture, fixtures, equipment (FF&E), exclusive recipes, a Clover POS system, and a trained staff of 33.
Website
https://www.tarantellis.com
Market Outlook / Competition
Tarantelli’s leads the market, voted "Best Italian" for nearly a decade. This powerhouse generates over $2.9M in revenue and $315k SDE. Located in a rapidly appreciating historic district, the Class A real estate is valued at $1.745M. Demand is high, yet growth remains; the venue currently operates dinner-only, six days a week. With local hotel and retail expansions planned, this turnkey asset is perfectly positioned for scaling and continued appreciation.
Opportunities for Growth
Tarantelli’s offers significant untapped potential for immediate top-line growth. Expanding operations to include lunch service, Sunday brunch, or opening a 7th day provides instant revenue upside. The ±4,818 SF space is also primed for increased private bookings, events, and catering. Additionally, the proven brand identity and established systems are ready for multi-location replication in new markets.
Real Estate
Owned or Leased
Owned
Not included in asking price
Building Sq. Ft.
4,818
About the Sale
Seller Motivation
Other Business Opportunities
Transition Support
The seller is committed to ensuring a smooth and successful transition for the new owner and is willing to provide a reasonable training and transition period following closing. The specific terms, timeline, and scope of this support can be mutually agreed upon and outlined in the purchase agreement to best support the buyer’s needs and operational continuity.
Financing Options
SBA Pre-Approved
Listing Info
ID
2478763
Listing Views
23
Business Location

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Business Listed by: Chris Thorpe Midtown Mergers & Acquisitions

Listing ID: 2478763 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.