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Business for Sale Summary

Italian Restaurant - 26936

Business Type: misc. retail/non-classifiable,other eating & drinking places,other food stores,pizza parlour,catering and event planning,absentee business,best deals!,must sell/drastic price reduction!,restaurant/ cafes
Italian Restaurant
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Financial Information (non-confidential)

General Information
Asking Price $380,000 Down Payment $380,000
Gross Revenues $884,000 Lease Remaining Register Free to View
Owner’s Cash Flow $301,648 Number of FT Employees Register Free to View

Financing

$380,000 Down and NA

Business Description

ATTENTION ITALIAN RESTAURANT BUYERS THAT ARE LOOKING FOR 34% NET INCOME TO REVENUE AND POCKET OVER $300,000.00 PER YEAR!!! THIS FINE DINING RESTAURANT IS ONLY SELLING FOR A 1.25 MULTIPLE!!!This well-established Fine Dining Experience is located on major traveled State Route, a main Arterial Road, of a populous city surrounded by three major interstates, business district, schools, parks, malls, and upscale neighborhoods. This business is a stand-alone 5100 square foot building restaurant in the parking lot of a major mall with tons of parking spaces for only $4400 per month rent. The restaurant seats 110 with an additional patio seating of 15 which is plenty of room for banquets that is being offered with Catering. The banquet room could be easily converted into a specialty bar for added revenue to compliment its newly remodeled bathrooms, and separate entrance for pickup and delivery. It is an absolute event with the Italian Spirit. The food is a very important part of the Italian Culture and varies greatly from region to region of the Homeland. Its recipes have been heavily influenced by the cultures of Sicily and the Old World Classics but also offer a diverse menu for the eclectic tastes of all their loyal customers. One Customer puts it best by saying, ?It was a great dinner. Would suggest to go on a slow night the food and service was great! The portion sizes are huge! Appetizer bread was very fresh. Two appetizers and two entrees are enough for 4 people. Incredible. Simply incredible. I knew this place in passing as when I was growing up, but passed it a million times as an adult before finding it here on this?. After one visit, I plan to be a regular.? Just reading the menu will make anyone's mouth water with the Wood Burning Style Pizzas, Calzones, Authentic Filled Rolls (Sausage, Spinach, Chicken, Pepperoni, and more), Specialty Pasta Dishes, Authentic Baked Dishes, Chicken and Veal Dishes, Old World Favorite Sandwiches, Hoagies, Wraps, Out of this World Burgers, Quesadillas, Seafood Delights, Quesadillas, and this is not even mentioning The Grill Specialties. This restaurant business has established a reputation for providing the highest quality food, excellent customer service and speedy delivery to customers in the market area always at the lowest possible price too. They can promise satisfaction because all their dishes are freshly prepared with premium ingredients. One special needs customer stated, ?Unlike many restaurants that simply offer a few gluten-free choices, this place is serious about being GF. Instead of having a few GF choices, pretty much anything they sell can be made GF, including all of their pizzas and pastas. I'm used to picking from a handful of GF options at most - I was actually overwhelmed for choice at this place. Awesome. The owner's father (from Sicily) comes in every morning and makes fresh dough, both regular and GF. The GF meals are made fresh when you order - we requested bread for our table while we ordered and it took a few minutes, and came out piping hot (and was delicious). From what the GM tells me, their meats and fish are fresh, never frozen. That alone would be impressive here in Levittown, the GF menu just puts them over the top. The sauce on my pizza was definitely homemade. The GM even said (paraphrasing here) "we're fully aware of the issues Celiacs face, and we'll go out of our way to work with you. If you haven't had a meatball sandwich in years because of the breadcrumbs (which we use in ours), call the night before. We'll make a batch for tomorrow that are specifically GF just for you." Wow. They have a dedicated GF area in the kitchen, separate cutting boards, the works. They fire the GF pizzas in a separate oven. They're 100% on board with GF people and cross-contamination should never be an issue here as far as I can tell. The servers are all super-friendly and knowledgeable and the general manager is awesome and fun to talk to. I can't say enough about this place after only one visit. I'm already planning our next trip. Oh, and get the signature Portabella appetizer. Seriously. A dish that delicious is probably illegal in some countries.? This is total dedication to their customers and the needs of their customers. The seller, after years of consideration, has now decided to sell to the buyer who cares for the culture and customer. The seller has other business interests that are demanding more and more of their time, so they are making it very easy for the new buyer to enter the restaurant business and be a success. The seller is now accepting all offers for a quick sale and closing. The price has just been lowered to make that happen. The price multiple and the amount of net income that is fully verifiable will make this a quick sale. SO CALL NOW BEFORE IT IS TOO LATE. Please call 1-877-735-5224 for further information.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.