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Asking Price$589,000
Revenue$2,350,000 Established2003
Cash Flow$245,463 Employees12 full, 16 part
FF&E$750,000 FranchiseNo
Inventory$30,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
LISTING ID # 32289

4,000 SF. Italian Restaurant in Prime Location. This business is in the heart of an affluent neighborhood in a main street location with tremendous traffic and great parking. The current owner has been here for 17 years. This is a top notch space with a 3,200 sf. main dining room seating 90, an 800 sf. private party room seating 60 and a 1,000 sf. outdoor patio seating 60. They also have 25 seats at the bar with a full liquor license. THERE ARE 14 YEARS LEFT ON THE CURRENT LEASE with a total rent of $14,200/mth (including all taxes and fees). There is a separate pizzeria and takeout space as well. In the past year the business grossed approx. $2,350,000.00 with a net cash flow of approx. $245,463.00. The business is fully staffed with 12 full-time employees and 16 part-timers. We are seeking a serious and financially qualified buyer with at least $499K in liquid funds to cover the $400K down payment, approx. $30K in inventory and $69K in rent security. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be made by appointment only!

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Training/Support:Seller will train
Seller Financing:400,000.00 Down & $189K over 3 yrs. @ 6%.
Sale Reason:Partner's illness
Ad #122415
Seller Reference #32289
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