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Business for Sale Summary

Established Italian Restaurant - 28902

Business Type: other eating & drinking places,restaurant/ cafes
Owner Financing
Established Italian Restaurant
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Financial Information (non-confidential)

General Information
Asking Price $220,000 Down Payment $150,000
Gross Revenues $500,000 Lease Remaining Register Free to View
Owner’s Cash Flow $135,000 Number of FT Employees Register Free to View

Financing

$150,000 Down and Balance of $70,000

Business Description

This is a wonderful well established and beautiful Italian restaurant with the same ownership for over 20 years. It is 2300 Sq. Ft. and has a bar area that boasts a wonderful wine selection, as well as spirits and brew. Owner does many private parties in the separate party room. The location is excellent with easy access. Monthly rent is only $6,276.00 and includes all taxes, trash, water and snowplowing. Current lease is 8 years remaining with a 5 year option. Annual gross income is $500,000.00 plus catering business, owners in pocket cash flow is $135,000. This is a terrific opportunity to own a well established restaurant with great potential to make it even better. Please call the broker for further information at 1-877-735-5224.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

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.