Package Of 5 Established Restaurants
Asking Price: | $4,999,999 |
Gross Revenue: | $7,200,000 |
Cash Flow: | $2,500,000 |
HS Listing ID-38981
-Potentially Bankable as all locations have fully documented sales with clean returns.
-Authentic Italian Cuisine with a large focus on Wine, house made pastas and local ingredients.
-All locations are thriving, serving dinner only [5-10/11pm] there is no lunch servicer and their consolidated operating hours dramatically increase margin and avoid overtime or complicated labor regulation issues.
-Unique nature of the food and wine program allows these businesses to derive margins that are nearly double the industry average.
-Owners have an e-2 visa relationship given the nature of the business, there is room to utilize 7-10 more visas if a buyer wants to bring family in from out of country.
-Wine Program currently houses nearly 1.2mm in rare bottles, some of which there are only 3-4 in the country. This is an appreciating inventory that grows in value 12-15% per year.
-Long Term Management is in place, and wants to stay on.
-Owners will happily stay on for up to a year and assist in transition and continuing to harness growth, staff and ownership are extremely passionate and have grown each location from zero.
-2 locations have outdoor seating and 1 location with a backyard garden.
-1 location includes a private wine cellar and a first floor party room, where events are held from $150-$700 per guest.
-The Wine collection alone cannot be replicated as some bottles date back to 1955-1972.
-Nearly no marketing or online presence, the locations have been grown strictly off of word of mouth, their reputation is flawless.