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Established Italian Restaurant And Bar In Alexandria For Sale

Alexandria, Virginia
Asking Price:
$300,000
Sales Revenue:
$600,000
Cash Flow:
$137,600

Well-established Italian restaurant & bar for almost 3 decades! Known for excellent customer service & delicious Italian dishes. The restaurant offers casual, friendly dining atmosphere that customers truly enjoy and keep coming back as loyal customers of the establishment. Well-staffed with friendly & professional staff. Pleasant dining, good times & great cuisine. The restaurant has won many awards for a top restaurant in the region. It comes equipped with a full bar and liquor license. Don’t miss it!

Property information

Real Estate:

Lease

Premises Details:

A spacious 3,000 sq/ft restaurant facility that is well furnished & stocked. Facilities in great condition. Current lease expires on Dec. 31, 2017 + 5 year option to renew. Total rent: $11,065/mo including rent, CAM & RE Tax assessed on the property by the landlord.

Business Operation

Expansion Potential:

Very possible by focusing more on catering opportunities with major corporations & associations surrounding the restaurant. Moreover, internet marketing should also help as the owner relies heavily on repeat customers.

Competition / Market:

Prime location overlooking a very busy road.

Reasons for selling:

Retirement

Trading hours:

Day Open: 7 days/wk. from 11:00 am – 10:00 pm.

Employees:
12
Years established:
1989

Other Information

Support & training:

4 weeks

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Up to 15% seller Financing @ 6% over 1 year

Inventory / Stock value:
$10,000

Contact Broker

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