Business Summary:
Full Description: Huge Price Drop! Great opportunity for an experienced F & B person. This full service Italian restaurant enjoys a fantastic reputation. Considered the best in the neighborhood. This is a perfect opportunity for a husband/wife team or a chef/owner. Everything is here for a very successful operation to become a monster of an operation. The restaurant enjoys a fantastic reputation for its food and A+ location. Take over and and you will have a gold mine! Great product, great location, great reputation, priced at only 2X cash flow and Seller willing to finance 1/2 of the sale price - It doesn't get much better than this!
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| Year
Business was Established: 1998 |
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| Number of Employees:
8 FT / 1 PT |
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| Facilities / Terms of Lease:
Facilities: Free standing building with plenty of parking. Located on main street with great street exposure. 60 seats. 1300 sq ft plus a full basement. Storage, prep, walkin, office in basement. Lease: 9 years remaining on lease at $5,600 per month. Option to purchase building. |
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| Potential
Growth/Expansion:
Growth: If I've ever seen a place in need of new management, this is it. The owner fully agrees that he is hindering the growth of this place. Even though the business does very well, a sign out front announcing new management would double business! |
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| Competition:
Market: This place has a great reputation for outstanding food. Surrounded by huge residential communities and few competitors. |
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| Owner
willing to finance:
Financing: Seller willing to finance up to 50% of sale price!!! |
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| Owner
willing to train:
Training: Yes - owner willing to assist in transition by providing 2 weeks of hands on training followed by 30 days of phone support. |
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| Reason for selling:
Reason: Owner is retiring after 17 years! Moving to warmer climates. |
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Seller Reference Number: 1070506
BusinessMart.com Listing Number: 60587 |
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