Business Overview

This is an unbelievable opportunity to own THE BEST RESTAURANT THAT IS A Superior Money maker AND HAS so much to offer.

This is a spectacular Italian Restaurant that has been successfully and very profitably operating for16 Impressive years. It is has been designed and equipped to be the Nicest, Classy, YET Family Friendly Style Italian dining anywhere. The menu is not only so Tasteful, and Stylish, it is also very versatile and appeals to everyone, yet is remains not difficult to manage.

This Restaurant has the advantage of having not only a great customer base of Loyal, Satisfied, Repeat customers, but also a Constant New Growing Clientele.. There is a wonderful décor, ambiance, and atmosphere that welcomes the customers from the time they drive up, enter and all the way through their entire dining experience. It has THAT SPECAIAL TOUCH that is AWESOMEW, but without being obsessive.

It has an extremely well built and equipped kitchen with all the modern equipment and conveniences one would ever hope for and want to have in a restaurant like this one is.

There is a Complete Banquet Room, with its own Full Service Bar area, (Food, Beer & Wine) with a Gorgeous Counter and Seating. It even has separate bathrooms. The Banquet room added all the RIGHT equipment to make it fully sufficient to operate independently.

The seating capacity is for 220 and can handle it well.

The restaurant is open for Lunch and Dinners Monday – Saturday, and also has started a great catering service.

Talk about a COMPLETE, PROVEN, SUCCESFUL RESTAURANT! YOU MUST SEE THIS!

This business has been here for 16 great years, making Fantastic $$$$$$$$$$$$, with the owner working minimal time. It is a business any owner would be proud of with a great Reputation, client base, location plus, years in operation, and making GREAT PROFITS.

Financial

  • Asking Price: $575,000
  • Cash Flow: $291,012
  • Gross Revenue: $1,090,000
  • EBITDA: N/A
  • FF&E: $260,000
  • Inventory: $20,000
  • Inventory Included: Yes
  • Established: 2003

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:13
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

This Italian Restaurant has a location to only be dreamed of. It is located on one a MAJOR Road that is KNOWN AS BEING PERFEC T for a Restaurant and Retail businesses. There is plenty of easy access from all directions, has Nice Signage, and Plenty of comfortable parking. The facility itself is approximately 4600 sq. ft., and has spectacular style and fashion that you just have to see to believe. The seating capacity is 220 There is 9 years left on the lease at $7634 per mo. (Includes triple net), The Base is $6300. PLUS it has a 5 year renewal option at 10% Max added to base rent!!!! .

Is Support & Training Included:

The owner will provide up to Eight Weeks of free on-site with 90 days free phone support on an as needed basis.

Purpose For Selling:

Family Situations

Pros and Cons:

Minimum in the area. No one can compare to this one It has a super friendly atmosphere and serves the best food using true old Family Recipes.

Opportunities and Growth:

Could Immediately have a huge growth by opening on Sundays as well as adding Birthday Parties, Wedding Receptions, Business groups, etc.

Additional Info

The company was founded in 2003, making the business 19 years old.
The transaction will include inventory valued at $20,000, which is included in the requested price.

Why is the Current Owner Selling The Business?

There are all sorts of reasons individuals choose to sell businesses. However, the real reason vs the one they say to you might be 2 completely different things. For instance, they might claim "I have way too many various commitments" or "I am retiring". For many sellers, these reasons are valid. But also, for some, these may just be excuses to try to conceal the reality of changing demographics, increased competition, current decrease in earnings, or a range of other factors. This is why it is extremely important that you not rely absolutely on a seller's word, but rather, make use of the vendor's answer together with your general due diligence. This will repaint a more sensible picture of the business's existing scenario.

Existing Debts and Future Obligations

If the current entity is in debt, which many businesses are, then you will have reason to consider this when valuating/preparing your deal. Numerous operating businesses finance loans so as to cover items like supplies, payroll, accounts payable, etc. Bear in mind that sometimes this can mean that revenue margins are too small. Numerous companies fall under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may also be future commitments to consider. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with suppliers that should be satisfied or may cause charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the location draw in new customers? Many times, operating businesses have repeat clients, which form the core of their daily revenues. Particular variables such as new competition growing up around the area, road building and construction, and also staff turn over can impact repeat customers and also negatively affect future incomes. One essential point to take into consideration is the placement of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the main road? Certainly, the more people that see the business on a regular basis, the higher the opportunity to construct a returning consumer base. A final thought is the basic area demographics. Is the business placed in a largely populated city, or is it located on the outside border of town? Just how might the neighborhood median family income effect future revenue prospects?