Attractive Italian Restaurant with Excellent Reviews! (17864)

Seller Financing Available

Strong 8 to 10,000 traffic count daily for this popular Northwest Connecticut restaurant! Specialized in providing a unique and fresh Italian dining experience, catering services are also available for clients within their geographic area. They keep a consistent Grade-A health rating and offer an excellent wine selection. Beer and liquor are complimentary to seafood and steak meals, as well as pizza, sandwiches, and the lunch menu. The well-established, historic location is a prime retail facility sited at the heart of a traffic-heavy and highly visible area, totaling over 14,000 square feet across two floors. Currently only using the bar section, stage, ample kitchen, basement storage, and booths that seat sixty consumers are the primarily used areas. Roughly valued around $800,000 and available for purchase, building features a full occupancy for 150 people with small patio section. The new owner can restore business to its former glory by returning live entertainment and stronger promotions! Experienced personnel of ten nonunion employees are most likely to remain post-sale and continue streamlined functions after a smooth transition period with owner staying in consultative or assistive managerial roles. Using minimal advertising efforts, company maintains a social media following of over 1,000 fans, with over 100 great online reviews that back up verbal referrals from partners and their large, recurring customer base. Thanks to years of ongoing reputations and food quality focus, Revenues for 2021 reached $371,675 alongside Discretionary Earnings of $68,215 as future growth opportunities represent stronger commands over market. The profit margins are above industry average, and the business is ready for an assertive new businessman to take it to the next level. Part-time restaurant would flourish with full-time operations, as the seller has slowed down, the business is only open 25 hours per week.