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Details - Information last confirmed on September 10, 2020
Free-standing Authentic Italian restaurant well-known locally for over 2 decades is now available for acquisition. This business was established over 2 decades ago in 1996 and later acquired by the current owner in 2017. This business is placed in a 3,102 SF free-standing building that is located next to the main road of the city and is surrounded by many restaurants as well as small retail shops. Most of the customers are families coming from nearby densely populated residential neighborhoods and traveling by the area via the main street. Competition is expected for any Italian restaurant, but this business has long been established in the area for 2 decades accumulating a loyal customer base that has high retention rate compared to the competition. This authentic Italian restaurant offers a great variety of quality Italian food with over 60 menu items such as appetizers, salads, soups, seafood, pasta entrees with a choice of protein, pizza, hot subs, cold subs, chicken entrees, veal, calzones, and desserts that is superior to other Italian restaurant in the area in terms of high-quality products and reasonable price point. Gross sales of this Italian restaurant have been consistent for the last several years running at around $70,000/month without any marketing except thru their website. The business has a professional website and it can be a useful tool to start the marketing while no marketing has been done through online resources. Proactive marketing is crucial to the further growth of this business as there are many untapped areas that has yet to be fully utilized to generate more cash flow and customer acquisition. There are many ways to proactively market this business such as direct mailing, coupon, social media outlets, delivery service, 3rd party delivery service, door hangers, daily special etc. A full-time owner-operator will enjoy additional profit by cutting down unnecessary payroll expenses. A potential buyer operating this business full-time along with proactive marketing tactics is what this business needs to truly reach full potential and operate at maximum capacity.
Furniture, Fixtures & Equipment: $100,000 (Included in listed price)
Inventory: $3,500 (Included in listed price)
Financing: 100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.
Year Established: 1996
Facilities: This business is located in a 3,102 SF free-standing building next to main road of the city that is surrounded by densely populated residential neighborhoods and small retail shops. All equipment is in impeccable condition and in great working order.
Support/Training: Owner will provide a sufficient training for an agreed upon period to make the transition into the business as seamless as possible.
Reason Selling: Other opportunities
Competition: There is one competitor within the immediate market area, but each restaurant serves a completely different demographic and has drastically different price points for all their products.
Growth And Expansion: No marketing is done at the current moment, and pro-active marketing methods need to be utilized in order to keep the business to continue to grow in sales and new customer acquisition.
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.