Italian Restaurant for sale in Lehigh County - 33902

Financing

$420,000 Down and Possible for a qualified buyer

Business Description

This longstanding profitable Italian Ristorante is offered for sale due to health issues of the owner who has meticulously cared for this local landmark with pride for over 20 years. A large hospital with a thousand plus employees is a short walk away that provide ample take out. Authentic Italian cuisine, menu and service has led to this being one of the areas favorites. As 4-star rating on Trip Advisor and Yelp its has maintained quality through the Covid period. This business is priced to sell and will not last long on the market. Inside seating for 100 with imported Italian marble tables is complimented with an additional outdoor Al Fresco dining or happy hour experience in the 100-seat patio featuring fountains and statues. Price at $420,000 it is a steal! The sale includes: Business, Pa. Liquor License, all inventory, all equipment, website, Facebook Page, all furniture and fixtures, recipes and the owner is willing to stay on for a period of time for training if needed. The assets alone are worth the purchase price! The owner also owns the property and will sell separately or negotiate a very reasonable lease. The business is located on a high traffic corner lot with parking lot as well as on street parking. Business can easily be increased as the owner has not done any advertising of any kind in years. Currently it is only open 5 days a week and could enjoy sales growth with opening additional days. Offering happy hours and entertainment in the patio would also drive more business. Owners Cash flow is increased as he currently does not pay rent or a chef as he is the owner of property as well chef. If you are looking to hit the ground running with an established favorite, relocating from more urban areas and get in on one of the better opportunities priced aggressively, this is the one for you. Please call Jerry Calabrese 610-442-9107 to learn more.

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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.