High Volume Italian Restaurant For Sale

Business description

This is a chance to own a high income Italian Restaurant. The business has been established for almost 100 years and is very well known for its unique style and food. This restaurant produces an outstanding yearly sales of $910,000. The seller will train and finance the sale to a qualified purchaser.

Property information

Real Estate:

Lease

Lease terms:

There is an existing 1 year lease with two 5 year options. The monthly rent is $5,500.

Location:

The facility consists of 6,000 square feet and parking for 50 vehicles. It has a seating capacity for 110 customers plus additional outside seating.

Other information

Expansion potential:

There is plenty of room for growth with a new marketing program.

Competition / Market:

This business limits its competition because of its well known cuisine.

Support & training:

The owner will provide a full due diligence period for the new operator.

Reasons for selling:

Other Business

Trading hours:

Mon-Thur 12:00pm-10:00pm, Fri 12:00pm-10:00pm, Sat 1:00pm-11:00pm & Sun 1:00pm-9:00pm

Financing available:

Owner financing is available.

Furniture / Fixtures value:

$100,000 (included in the asking price)

Inventory / Stock value:

$75,000