Well Reviewed Full Service Italian Restaurant Greensboro, NC

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Well Reviewed Full Service Italian Restaurant Greensboro, NC
Asking Price:
$389,000

Gross Revenue:
$1,013,762
Cash Flow:
$226,008
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$10,000
included in asking price

FF&E:
$120,000
included in asking price

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Business Description

Act fast or someone else will.

This long standing full service Italian restaurant in Greensboro, NC is serving up traditional Italian dishes and providing catering services.

Excellent location

Strong growth potential

Full service restaurant with dining area, full bar, bar seating, and private dining room

Seating for approximately 150 +/-

Beer, Wine, and Liquor License

Phenomenal online reputation

Loyal customer base

Consistent revenue history in the $900k- $1million range

2018 projected SDE over $225,000

Pre-approved for SBA lending with as little as $50,000 down

About the Business

Location:
Guilford County, North Carolina
Number of Employees:
14
Real Estate:
Leased
Building Sq. Ft.:
4,000
Rent:
$6,682.00 Per Month
Facilities:
Established for 12 years in it's current location for over 6.
Growth & Expansion:
Strong growth potential.Revenue is strong even with owners scaling back for retirement. Opportunity for expansion of hours, opening for lunch, increase in catering business and private parties, advertising, social medial marketing, partnering with companies like Uber Eats and DoorDash.
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About the Sale

Reason For Selling:
retiring
Training/Support:
2 weeks

Listing Info

ID:
1566694
Ad Detail Views:
82

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Business Listed by

Joe Santora

Transworld Business Advisors
License# 296924

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