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Asking Price$250,000
Revenue$1,262,429 Established1989
Cash FlowUndisclosed Employees10 full, 8 part
FF&E$100,000* FranchiseNo
Inventory$5,000* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
This is one of the most popular Italian restaurants with over 32 years of successful operation. in 2019 revenue was almost $2,000,000 and left $290,000 cash flow to owner. In 2018 revenue was almost $1,900,000 and owner made $298,000 cash flow. The business revenue like every other restaurant was impacted by COVID-19 in 2020 but it has been increasing nicely. Owner is selling this business with a discounted price and if it was not COVID in 2020 the business would have had a value over $750,000. Now this is a great opportunity for someone to take over this business and grow it to the level it was in 2019. there are over 135 seats plus outside seating and they serve Beer and Wine.

Required Licenses: General and Health

Real Estate Number: 623381
Competition:This is a unique restaurant with excellent food and loyal customers. Because their service and high quality of food stands above any competition.
Growth Potential:The business need someone who appreciate good food, great ambiance, and looking to make comfortable living. The business revenue is growing nicely and will reach to the high level it was in 2018 and 2019.
Training/Support:Owner will provide two weeks of training.
Seller Financing:Seller might negotiate partial financing to qualified buyer.
Sale Reason:Owner has other interest
Ad #128830
Seller Reference #MONTGMD006-N436
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Contact This Seller
Mike Zarinbaksh
(301) 215-9288
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