Established Italian Restaurant In Rancho Mirage For Sale

Business description

We been established for over 10 years. We have a very loyal local following and have many repeat customers from all over the world. During the past 5 years we have doubled the sales.
Our standard menu has pasta, chicken, veal, seafood, and pizza dishes. We also have a nightly specials that include cioppino, osso buco, and lobster. Our prices range from $9.95for a pasta dish to $21.95 for a special. we do have a large togo menu. We serve wine and beer only. There is room to expand and serve alcohol and add more tables.

We have many celebrities from film, TV, and the music industry as well as sports figures that frequent our restaurant. We have many of their signed pictures hanging on our walls.

We have seating of 62 people inside and 32 people outside on our covered patio.
There is

Property information

Real Estate:

Lease

Lease terms:

5 years remaining on present lease. land lord will write new lease for new owner.

Leasehold rent:

$56 per annum

Location:

Prime location in busy shopping center, at major crosso streets

Size in square feet:

approx. 1500 square ft.

Other information

Expansion potential:

Business may be expanded to building next door for more seating and add a sit down bar

Support & training:

we will stay up to 60 to 90 days for training and so that there is a very smooth transition

Reasons for selling:

retiring just turned 71 yr old

Trading hours:

11 am to 9pm monday - thursday
friday and saturday 11 am to 10pm
sunday 4 pm to 8pm

Owner financing:

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

Financing available:

Negotiable

Furniture / Fixtures value:

$300,000 (included in the asking price)

Inventory / Stock value:

$8,000