Italian Restaurant Just Listed For Sale

Business description

Here is your chance to own a well established italian restaurant in the neighborhood. Annual sales exceed $650,000 with owner's cash flow of $61,000. Owner financing available to credit worthy buyers. Great food... full liquor license, with a great luncheon business.. Fully remodeled and turnkey.. all the bells and whistles are complete, very easy for the owner operator or management company to come in and make money from day one. This business will not last at this price. Substantial price reduction for cash buyer.

Property information

Real Estate:

Lease

Lease terms:

Rent is $3248 per month with 12 months remaining.

Other information

Expansion potential:

The restaurant is only open for lunch daily from wed through Friday, and dinner nightly. Based on the location and close proximity to office buildings in the area and housing units, a good marketing campaign would greatly improve business, and increasing hours of operation would bring in more cash flow to already fabulous business. Increase cash flow by working as your own manager, or not having to pay the chef, will increase cash flow over 50,000 come and see.... make offer..... seller will reduce price dramitically for cash deal

Support & training:

yes

Reasons for selling:

Seller relocating

Financing available:

seller will finance 40% of the price to qualified buyer

Furniture / Fixtures value:

$80,000 (included in the asking price)

Inventory / Stock value:

$5,000 (included in the asking price)