Turn Key Italian Restaurant for Sale**SBA Pre-Qualified

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Award Winning Italian Restaurant- Excellent Opportunity!
Asking Price:
$500,000

Gross Revenue:
$1,100,000
Cash Flow:
$229,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$20,000
included in asking price

FF&E:
$200,000
included in asking price

Real Estate:
$1,350,000
not included in asking price

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Business Description

Classic Italian Restaurant awarded 4 stars & named among top 500 restaurants in US. 180 seats, full liquor bar, outstanding selection of fine wines. Cozy family ambiance. Private dining rooms for special events. Reliable, skilled staff. Opened for dinner only from 5 - 10 PM - Sundays closed! Ideal for a couple with a real possibility of at least 30% activity increase; Owner will explain how! Disclosures subject to Buyer NDA with Resumé & POF. SBA pre-qualified with $88K down including $50K working capital!
Rental has NNN lease @$5K/mo.

About the Business

Year Established:
1989
Number of Employees:
14
Real Estate:
Owned
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About the Sale

Reason For Selling:
Retirement
Training/Support:
4 weeks of training provided at NO COST
Seller Financing:
SBA Lender approved 412k with 88k down

Listing Info

ID:
1488179
Ad Detail Views:
1356

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Business Listed by

Lino Galati

Truforte Business Group
License# 663049

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Sponsoring Broker:

Truforte Business Group
Truforte Business Group
License# CQ1037473

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

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