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Ricetta's Brick Oven Ristorante For Sale

Falmouth, Maine, US
Asking Price:
$250,000 (USD) Furniture / Fixtures included
Sales Revenue:
$1,707,038 (USD)
Cash Flow:
$107,819 (USD)

Ricetta’s is well known for its award-winning brick oven pizzas and remarkable service. The business locally sources fresh pork, beef and seafood and import specialty meats, cheeses, and olives from Italy. They offer local craft beers and wine in the enclosed, full-service bar.

The versatile menu is filled with your favorite pizza, pasta, grill, and Italian entrees. From gluten free menu items to grilled proteins and vegetables with delectable sides, they have something for every kind of food lover!

Name recognition, longevity, quality of food and service, and a core of long term committed professionals have made this business successful for many years.

Property Information

Real Estate:

Lease

Living Accommodation:

The current owner has identified many ways to grow this business including upgrading technology to improve online ordering, and installing kiosks/tablet ordering for dine-in customers. Expanding off-premises sales and catering are also options, as well as reconfiguring the take-out area to encourage more grab and go items, desserts, fresh-baked breads and Italian imported goods.

Location:

Busy location in Falmouth just off Route One.

Premises Details:

Over 6,100 SF of restaurant space including kitchen, dining area, bar seating and seasonal outdoor seating.

Size in square feet:
6,159

Business Operation

Expansion Potential:

The current owner has identified many ways to grow this business including upgrading technology to improve online ordering, and installing kiosks/tablet ordering for dine-in customers. Expanding off-premises sales and catering are also options, as well as reconfiguring the take-out area to encourage more grab and go items, desserts, fresh-baked breads and Italian imported goods.

Competition / Market:

Pizza lends itself to the current takeout trends and has continued to be a healthy source of income.

The market is coming out of Covid, which should benefit the business. When the market returns to normal, there will be less competition as many competitors have dropped out of the area. There are also four new office buildings being constructed in the area that could potentially bring in new customers.

Reasons for selling:

Retiring/other interests

Trading hours:

Wed 3pm-8pm; Sun/Thur 12pm-8pm; Fri/Sat 12pm-9pm

Employees:
10 FT/25 PT
Years established:
1989

Other Information

Support & training:

Two weeks.

Furniture / Fixtures value:
$266,748 (USD) - included in the asking price

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