Business Overview

This is your traditional neighborhood Italian restaurant, serving all the classics: fettuccini alfredo, chicken parmigiana, spaghetti and meatballs, and of course, wine and beer. They have been a staple in this high traffic Plaza in Riverside County for 15 years, serving lunch and dinner to locals and the surrounding cities alike. They’re located on the main artery with close proximity to several major freeways, and offer ample parking in their gigantic lot.

Enter the space, and you’ll immediately notice the great lighting, fantastic ambiance, and perfectly clean dining room. The space features a banquet room for family and corporate events, a (very underutilized) bar, and a private upstairs office with storage and an additional restroom! The kitchen pass thru window provides increased productivity, and the kitchen is organized and well-equipped: a large 12′ hood, two pizza ovens, an 8-burner stovetop, fryer, warming bins, a pasta cooker, a walk-in refrigerator, and a private storage room.

This owner team have done a fantastic job operating the business. They have a great repeat core clientele, with revenues that grow year over year. However, add their looming health issues on top of the responsibilities of operating a business, and the owners have decided to sell their beloved restaurant. This is an opportunity for a Buyer to step into a successful, profitable restaurant and take it to the next level. Give the extremely underutilized bar a makeover (add flat screen TVs!!) to start generating more liquor revenue. The current owners stopped advertising in 2019; begin marketing to increase your client base. Despite having over 600 4+ star reviews, the website could use both a minor refresh and online ordering. Finally, their social media presence is bare minimum: Instagram is a must in 2022.

This Italian restaurant is well-established, profitable, and turnkey, with an excellent core repeat clientele. If you’ve been looking to enter (or expand into) the restaurant space, this is the opportunity for you. Reach out to the Agent today!

Financial

  • Asking Price: $299,500
  • Cash Flow: $139,965
  • Gross Revenue: $711,380
  • EBITDA: $139,965
  • FF&E: $35,000
  • Inventory: $4,500
  • Inventory Included: N/A
  • Established: 2007

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:3,620
  • Lot Size:N/A
  • Total Number of Employees:9
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Well-established - same location for 15 years Excellent center unit in a high-traffic plaza Offer an extensive beer and wine list -- 41 license included with sale Pizza demand is so strong, they recently installed a second pizza oven! Well-equipped kitchen, including a large walk-in refrigerator DoorDash has been excellent, but add Grubhub, Postmates, and UberEats to take full advantage of the delivery services!

Is Support & Training Included:

Owner Will Train

Purpose For Selling:

Health Concerns

Additional Info

The venture was established in 2007, making the business 15 years old.
The transaction doesn't include inventory valued at $4,500*, which ins't included in the suggested price.

The company has 9 employees and resides in a building with estimated square footage of 3,620 sq ft.
The building is leased by the business for $8,800 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons why people decide to sell companies. Nonetheless, the true reason and the one they say to you may be 2 totally different things. For instance, they may say "I have too many various commitments" or "I am retiring". For lots of sellers, these factors stand. But also, for some, these may just be excuses to attempt to conceal the reality of changing demographics, increased competition, current reduction in profits, or a range of other reasons. This is why it is really important that you not rely entirely on a vendor's word, but rather, utilize the seller's solution along with your total due diligence. This will paint a more realistic image of the business's current scenario.

Existing Debts and Future Obligations

If the existing company is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your offer. Numerous operating businesses borrow money with the purpose of covering items like stock, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can suggest that earnings margins are too tight. Numerous organisations fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may additionally 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 agreements with vendors that have to be met or may lead to fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the location bring in brand-new consumers? Many times, companies have repeat customers, which form the core of their day-to-day earnings. Specific aspects such as brand-new competition sprouting up around the area, road building, and personnel turnover can impact repeat clients and also negatively impact future earnings. One essential point to think about 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 often, the greater the possibility to construct a returning client base. A last thought is the general location demographics. Is the business situated in a densely populated city, or is it located on the outside border of town? How might the regional mean home earnings influence future earnings potential?