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Business for Sale Summary

Gourmet Pasta House & Catering in Lehigh County,PA - 32508

Business Type: other eating & drinking places,restaurant/ cafes/ diners,catering and event planning
Gourmet Pasta House & Catering in Lehigh County,PA
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Financial Information (non-confidential)

General Information
Asking Price $700,000 Down Payment $325,000
Gross Revenues $1,200,000 Lease Remaining Register Free to View
Owner’s Cash Flow $400,000 Number of FT Employees Register Free to View

Financing

$325,000 Down and TBD

Business Description

Looking for top shelf Quality and Higher than average profitability? Check out this must see Established beautiful Pasta House and Catering pizzeria business now available in Lehigh County Pennsylvania. Features Location, Location, Location and very a profitable menu by design. COVID 19 note: While initially hit hard by Covid 19 some historical numbers may shed light. According to the seller this year (2020 ) they averaged $24-$25,000./ week in January, $27-28,000./ week in February, Dropped to $18,500 for March.. But Now with the reopening of outdoor dinning they did $38,000.00 for the week of June 14, 2020 in only 6 days. With 30,000 people working within 5 miles, the demand is strong for lunch and catering, In Addition, another 26,000 homes within the same radius equals continued demand for dinner. Along with excellent food and service, the establishment is an inspired design to cater for seating of 120 between indoor and out, 64/60 respectively. This, best in class restaurant is also offer alcohol and according to seller it accounts for $4,500.00 to $5,000.00 /week of total revenue and at higher than average margins. This is expected to continue as this beautiful relaxed restaurant is the jewel of a fast growing and undeserved community. Superior quality and higher than market prices make for a profitable combination! Seller?s 40 years experience is on display here. Don?t miss out. Seller open to selling out right or taking on a managing partner. Partner would be guaranteed $52,000.00 year plus commensurate to equity purchased net profit each week. Minimum Buy-in $250,000.00 ,

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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.