DESCRIPTION: Summary Description
A Widely Renowned, Successful, Award-Winning Italian Restaurant, This Is A Well-Managed, Bustling Operation, Popular For Business Customers, Families And Groups Of Friends. Managed, Hands-On By The Owner/Chef With A Close-Knit Staff. Every Detail Is Carefully Overseen Which Allows For Great Customer Service, Terrific Food And A Charming, Fun Environment. Customers Travel To Come Here! This Is A Major Opportunity For An Experienced Restaurateur Who Wants To Expand His/Her Portfolio Of Businesses Or Who Is Ready To Go Out On His/Her Own. This Is Not For A Buyer Who Does Not Already Have Similar Experience, But For The Right Person This Is A Must-See Opportunity!
Financial Information
Asking: $585,000
Gross: $1,100,000
Cash Flow: $125,000
Furniture, Fixtures & Equipment: $200,000
Inventory: $50,000 ($40K Food Inventory Included In Price, $10K Spirits Not)
Monthly Payroll: $29,000
Monthly Rent: $6,000 + Taxes
Monthly Utilities: $5,045
General Information
Lease: Expires 2023 With An Option To Renew For 5 Additional Years.
Facilities: The Comfortable 1,000 Sq. Ft. Main Dining Room Seats 70 With An Additional 8 At The Bar And A Large 1,000 Sq.Ft. Warm Weather Patio Seats An Additional 120. 800 Sq.Ft. Kitchen, As Well As A Large Private Basement Providing Extensive Storage Along With A Small Office. Large, Private Parking Lot.
Furniture, Fixtures & Equipment: Custom-Built Oak Bar W/ 8 Stools, Bev Air Beer Cooler & 2-Door Bev Air Wine Cooler In Bar, 2 Sony Televisions, 80 Wood Chairs, 60 Stack Chairs, 40 Tables, 2 Ceiling Fans, 4 Chandeliers, 6 Wall Sconces, Etched Windows, Patio Canopy W/Side Walls, Two 10-Burner 2-Door Garland Stoves, Pasta Cooker, Fryolater, 6-Drawer Refrigerator W/Butcher Block Top, 2-Drawer Refrigerator W/Butcher Block Top, 3 Arctic Air Reach-In Freezers, 1 Bench Freezer, Reach-In Fridge Air Refrigerator, Reach-In Fridge Air Freezer, 2 Walk-In Boxes (12’x12’ And 8’x12’),one 6’x10’ Walk-In Beer Refrigerator, Manitowic Ice Machine (400 Lbs.), Espresso/Cappuccino Machine, Security Camera System W/Split Screen Monitoring, Liquor Storage Room Fully Shelved, Prep Tables, Numerous Sauté Pans, Air Conditioner, Stereo System And Washer & Dryer Enabling Laundry To Be Done On Premises For Optimal Quality Control.
Growth And Expansion: There Is A Vacant Upstairs Apartment That Is Part Of This Leased Facility Which Can Be Renovated And Turned Into Additional Dining Areas. (Currently It Is Being Used For Storage).
Support/Training: Seller Will Train At No Cost For 2 Weeks.
Reason Selling: Consolidating Businesses To Spend More Time With Family.
Employees: 14 F/T, 13 P/T (P/T Includes 7 Summertime Patio Staff)
Years In Business/Owned: 4½ |
