Price: $215,000
Location: Wake County, NC
Industry: Restaurant and Food
Listing ID: 16958305-BY
Listing Status: Popular
This Italian restaurant has been a cornerstone of the community for many years, bringing generations of families together through the magic of Italian cuisine. This charming and cozy setting exudes the warmth of nostalgia, making it a perfect place for celebrations and cherished moments.
Over the decades, they have cultivated a loyal customer base who return for their exquisite dishes, impeccable service, and the comforting ambiance that transports them to the heart of Italy. By taking over this restaurant, you inherit a community that already loves it. With the loyal customer base, prime location, and timeless appeal, there's incredible potential for growth and expansion. Consider catering, delivery services, themed nights, and book more private events to maximize your returns.
The restaurant enjoys a prime location with high foot traffic and visibility. Whether you're looking to maintain its current success or infuse new life into it, this location is perfect for both
Seize this unique chance to be the steward of a decades-old Italian restaurant that has stood the test of time. Contact us today to explore how you can become the proud owner of this amazing business and carry its legacy forward while making it your own. SELLER FINANCING AVAILABLE
Down Payment: $130,000
Total Sales: $1,100,000
Cash Flow: $80,000
EBIT: N/A
EBITDA: N/A
Accounts Receivable: N/A
FFE: $200,000
FFE Included: Yes
Inventory: $30,000
Inventory Included: Yes
Year Established: 1984
Year of last Acquisition: 2021
Non-Owner Payroll: N/A
Employees: 32
Absentee Owner: No
Security on Lease: Yes
Real Estate: N/A
Real Estate Included: No
Monthly Rent: $7,615
Type of Location: Retail Location
Square Footage: 8000
Franchise: No
Facilities Information: Located in a high visibility strip center with 8000 sq ft of space. Fully equipped kitchen featuring everything needed to run a well organized restaurant business.
Reason For Sale: Other business interests
Training & Support: Eight Weeks
Competition: There are other Italian themed restaurants in the market but few have had the long history of business like this location.
Potential Growth: Adding catering, delivery, themed nights, more events, and open more days and expand hours of operation.
