Description

Awesome opportunity to take this Italian restaurant business to the next level. Established for many years with consistent growth and the fully equipped kitchen will support any menu concept. This charming restaurant also includes a full-service bar and basement storage. The property currently offers indoor (80 seats plus 10 at the bar) and outdoor dining (120 seats), as well as a rear dining room for private parties up to 40 people. This is a true turnkey venture. The location is not to be beat and is at the center of it all. Fully renovated 1 year ago, this property is just waiting to fulfill your dreams of owning & operating a restaurant! Start with immediate income. Growth / expansion opportunities include: expand hours of operation, delivery, and catering. Current business owner will assist with transition. Some seller financing available for qualified buyers with $150k down payment.

PARKING: On Street Parking
EQUIPMENT: The equipment is in excellent condition, has been well maintained & is of good quality.
LEASE TERM: Landlord will negotiate new lease if real estate is not purchased.
BASE RENT: $5,555 per month NNN
CONCEPT: Full Service Italian & Breakfast
SEATING: Seating for 250 persons
SIZE: 1,500 square feet plus outdoor space
HOURS: Sun – Thur 8 AM – 11:00 PM, Fri – Sat 8 AM – 1:00 AM
LICENSES: Full Liquor License & Limited Entertainment License
SALES: $1,300,000 per year
ASKING PRICE: $1,500,000 (for the real estate & business) or $300,000 (for the business only) –
Some seller financing available for qualified buyers.