Italian Restaurant For Sale

Business description

This “For Sale by Owner” Italian restaurant was established in 2005 and has a great repeat clientele. This award winning restaurant utilizes freshly grown herbs and locally grown fruits and vegetables. The menu includes fresh salads, appetizers, pasta and delicious entrees. Catering is a small part of what the owner currently does. With weddings, business meetings and more, there is great potential for catering! Of course the offer a fine selection of BC wines as well. A town business license and a provincial liquor license are required to operate this business. The liquor license was recently renewed in December 2007 and is transferable to the new owner. The 1,000 square foot restaurant seats 50 indoor guests. The rear dining room is used for small groups up to 20 people. There is also a small dining area called the “Blue Room”. The tiled patio seats up to 20 guests. The owner is offering some owner financing for the right buyer and is willing to assist in menu development and staff hiring. To learn more about this great opportunity please contact us today!

Property information

Real Estate:

Real Property Included

Location:

This 3-level facility is owned with the option to be leased or sold. The original building was built in 1939 and extensive renovations were made in 1980. The basement was cemented in, a wine cellar added, a 600 square foot apartment upstairs, ½ of the dining area and public washrooms. There are also 2 outdoor washrooms that are currently being used for storage. An extensive kitchen was added with a new Quest Chef’s Centre with a broiler, 8 burners, convection oven and refrigerated drawers. There is also a steam table, two salad fridge’s, three door and two door fridge’s and a new dishwasher. High traffic downtown city street frontage makes this a great location for this business!

Other information

Expansion potential:

Growth and expansion can be obtained through increasing the hours of operation. Currently open for dinner Wednesday through Monday during the summer months and Thursday through Sunday during the winter, the new owner could open for lunch and dinner and be open seven days a week. Additions to the menu may also bring in some new business and increase profitability.

Competition / Market:

There is very little competition in the area.

Support & training:

Owner agrees to stay through a reasonable transition period.

Reasons for selling:

Other interests.

Financing available:

There is a possibility for some owner financing for the right buyer.