Charming Italian Cafe And Wine Bar In Pierce County For Sale

Business description

This business is a truly authentic Italian café & wine bar with all the fine décor and trimmings. It was established in 2006, by a father and son team, and has been profitable and successful ever since. The whole concept revolves around great authentic food, wine, espresso, family friendly atmosphere and quality service. This is a major destination restaurant for the locals and the people who know great food. The business occupies 1800 sq ft with seating inside for 48 and outside for 12 on the quaint sunlit patio. There is a wine and espresso bar, Italian gelato & sorbet ice cream parlor (straight from Italy), a marketing case for Italian breads and delicacies, and a spacious kitchen with convection ovens and induction cookers. The business does mostly sit down dining but currently has about 10% of its income from catering and private parties– this could easily be increased. The Seller has done a great job of promoting the business, with a Wine and Dine Club with a 100 members, an email marketing Birthday Club with about 3000 members, cooking classes, a movie night, live entertainment, wine tasting night, and promotion of private parties at the restaurant. The business serves dinner 4 night per week (Mon-Thurs) and lunch and dinner 3 days a week (Fri- Sun). This is a totally turnkey operation that is very profitable and ready for expansion by the new owner operator.

Property information

Real Estate:

Lease

Lease terms:

The base rent is $2891 per month plus NNN charges of $201 per month. The lease runs till 9/30/2013 and has three 3 year options to extend the term.

Leasehold rent:

$37,104 per annum

Location:

Destination location in the growing town of Sumner

Premises details:

The business occupies 1800 sq ft with seating inside for 48 and outside for 12 on the quaint sunlit patio. There is a wine and espresso bar, Italian gelato & sorbet ice cream parlor (straight from Italy), a marketing case for Italian breads and delicacies, and a spacious kitchen with convention ovens and induction cookers. The base rent is $2891 per month plus NNN charges of $201 per month. The lease runs till 9/30/2013 and has three 3 year options to extend the term.

Other information

Expansion potential:

The new owner could easily increase the catering side of the business with some promotion, and could add a delivery service to the local area. In addition he could promote more private parties, weddings, and special events.

Competition / Market:

This authentic Italian café and market has been established since 2006 and has become a destination dining experience. It has an outstanding reputation for quality food, outstanding service, and a warm family friendly atmosphere.

Support & training:

The Seller will provide the new owner two weeks of on-site training on the day to day operation of the business, preparation of the food items on the menu, and operation of the equipment.

Reasons for selling:

Seller has other business interests

Trading hours:

4 PM – 9 PM (Mon – Thurs) 11 AM – 9 PM (Fri- Sun)

Owner financing:

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

Financing available:

Cash, Bank Financing, or Seller terms with 50% down, 3 year term, at 6% interest.

Furniture / Fixtures value:

$65,000 (included in the asking price)

Inventory / Stock value:

$9,000