Pizza and Authentic Italian Full Service Restaurant w/Absentee Ownership
North CarolinaListing DetailsOffice ID: ITALREST1
Listing Broker: Joe Vagnone
Listing Price: $325,000
Gross Revenue: $790,774
Cash Flow: $103,684
FF&E Included: Yes
Sales Structure: Asset Sale
Seller Financing: Yes
Financing/Terms:Seller will consider some financing for the right, qualified buyer.
Reason for Sale:Owner is retiring.
Training:Negotiable, up to 6 months.
OperationsYear Established: 2009
Form of Ownership: S Corp
Employees (full-time): 6
Employees (part-time): 14
Business Hours: Tuesday thru Thursday, 4:00 pm to 9:00 pm. Friday, 11:30 am to 9:30 pm. Saturday, 12:00 pm to 9:30 p
Business Description:Serving quality, delicious Italian food to the area for 9 years, this well established and consistently profitable business has grown into a regionally very popular, family friendly business. The owner’s passion for quality food and great service at an affordable price are what has set this restaurant apart from its competition. A business that already enjoys both local and regional patrons, this business is centrally located in a busy strip center, with a very established and built-up community, which includes 70 townhomes, and 13 apartment buildings, which are being completed. The building boasts a 16 HD camera security system that includes phone application and an upgraded POS system that includes 6 stations with chip readers. The potential to double the revenue exists with the ability to host parties and events in this spacious location. The growth potential of this business is limited only by the creativity of a new owner/operator. Don’t let this great opportunity slip away – inquire today!
Historical Summary:Opened in 2009 by the present owner, has grown into a regionally very popular, family friendly business.
Owner Qualifications:Be passionate and aggressive about serving quality food, no “cutting corners” on product basics, bookkeeping and employee management.
Competition:This business is located near a regionally popular shopping mall, and there are numerous restaurants in the area.
Potential Growth:The growth potential of this business is limited only by the creativity of a new owner/operator. There is space for a new owner to host nighttime events, and with the area's population growth, new business is assured.
LocationMonthly Rent: $7,000
Square Footage: 5200
Located in a busy strip center, with plenty of parking. The facility is 5,200 SF.
Last Updated: Oct 9, 2019 / 3:56 PM
Financial Information Current As Of: May 10, 2018 / 5:33 PM