Casual Italian Restaurant
Asking Price: | $169,900 |
Gross Revenue: | $771,366 |
Rent: | $3,700/Month |
Established Year: | 2000 |
Cash Flow: | $110,000 |
Inventory: | $1,000 |
FF&E: | $85,000 |
Owner financing, modest down payment, Priced for a quick sale with this wonderful business opportunity locally operated BYOB restaurant serving traditional Italian cuisine with a casual vibe. The business opportunity has a substantial gross income and a consistent net yearly income to the owner operator. Wonderful investment with a solid return on investment and priced for a quick sale with substantial owner financing. Their objective is to provide first class service and fresh high-quality cuisine with an Italian flair to the customers they service. Their menu features an extensive selection with a variety of fresh innovative entrees, and homemade desserts. This is a profitable safe business opportunity and based on the moderate asking price, and yearly net income, this business expects to supply a consistent return on investment to the owner operator. The most recent twelve-month gross sales are $771,366 plus discretionary income and the net income is estimated at a minimum of $110,000 based on an onsite owner operator which includes any seller discretionary income and prior to any debt service. The 2023 income is expected to be greater than the previous year and formal due diligence is recommended by broker. The business was priced at $175,000 which is based on the gross income and consideration of the particular business assets. Also, seller financing is available to a qualified buyer with an appropriate down payment, collateral, and credit rating. Please do not disturb business, this sale is confidential, the employees are unaware of the pending sale, all viewings are by appointment only and any photo, unless otherwise stated, does not represent this particular business opportunity. Perspective buyers are required to execute a Non Circumvention Agreement.