Italian Fine Dining Restaurant In Ottawa For Sale

Business description

This is a very special, authentic, Italian Restaurant, located in an area of Ottawa known for fine dining. Originally established in 1991 and acquired by the current owner in 2008. With a traditional Italian menu with a full bar, banquet room, and the opportunity to expand the business through catering services. Licenced seating includes 38 in the main dining room, and 39 in a upstairs banquet room equipped with bar and restrooms.

By day the restaurant serves a lunch time crowd from area businesses and government buildings located nearby, by night the area comes alive as a trendy destination for those seeking fine food and entertainment. The recent residential developments in the immediate area will only bring more patrons to the restaurant.

The restaurant includes all the equipment and an experienced dedicated staff will make the transition all the smoother. The current owner divides his time between another career and the restaurant and needs to spend more time with his family. The restaurant will surely benefit from having an owner who is very involved with the day to day of the business. Priced to sell, the current owner is motivated in facilitating a quick sale. Don’t miss out on this truly outstanding and unique opportunity!! Contact Patrick Ryan ---.---.---- of Sunbelt Business Brokers.

Property information

Real Estate:

Lease

Premises details:

2400 sq ft, $3600.00

Business Operation

Reasons for selling:

Seller is fully employed elsewhere and cannot dedicate the time the restaurant requires.

Trading hours:

Days: 7

Employees:

Full Time: 2, Part Time: 6

Years established:

21

Other information

Financing available:

Downpayment Required: NEGOTIABLE
Monthly Payroll: $13,000
Financing is Available

Furniture / Fixtures value:

$120,000 (included in the asking price)

Inventory / Stock value:

$12,000 (included in the asking price)