Premier Italian Restaurant Falls Church Neighborhood Landmark For Sale

Business description

Rare opportunity now available inside the beltway. A classic Italian neighborhood restaurant with hundreds of loyal customers dining each month. Since 1978 this establishment has been dedicated to serving one of the most innovative and interesting Italian cuisines in the Northern Virginia area. Fantastic location on a major thoroughfare with excellent parking on site. After 33 years in business the proprietor is now ready for retirement. Qualified and experienced candidates will be considered for attractive Seller financing.

Property information

Premises details:

The restaurant anchors a strip center. Three separate dining areas including one that can be used for private parties. Seating for up to 160 patrons. The lease is at below market rates and includes a five year renewal option through November 2022.

Size in square feet:

4,500

Business Operation

Expansion potential:

The city of Falls Church is proceeding with a major investment in a "City Center South" urban village project to attract a more open business environment to the area. This will be on the edge of this Master Development Plan scheduled to be completed over the next 5 years. A new owner could capitalize on the many marketing strategies that will support this exciting growth opportunity in the future.

Competition / Market:

Typical for a densely populated suburban setting. If you want the cookie cutter chain dining experience, there's plenty to choose from but nothing compares to the quality and authenticity associated with this classic Italian eatery. A standout for the Italian food connoisseur.

Reasons for selling:

Retirement

Trading hours:

Lunch- Mon-Fri 11:30-3pm, Dinner- M-S 4:30-10pm

Employees:

12FT/7PT

Years established:

33

Other information

Support & training:

Will train for 3 weeks @ no cost

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

$100k down/$150k for 60mo @ 6%

Furniture / Fixtures value:

$89,111 (included in the asking price)

Inventory / Stock value:

$7,215 (included in the asking price)