Italian Restaurant In South Puget Sound For Sale

Business description

Italian specialty restaurant serving old world quality gourmet menu options. There is a beer and wine license in place. Seating for approximately 128 in the dining-lounge areas. Approximatley 3,750 sf, street parking. There are 7 full time plus 2 part time employees including owner-manager. The seller is willing to consider terms to a qualified buyer with $50,000 down. The balance at $2,000 / mo to include 8% annual interest. Lease is approximately $5,500 per month including triple net charges. Contact broker for more information

Property information

Real Estate:

Lease

Location:

Located on a main arterial in an urban neighborhood

Premises details:

3,750 sq ft; on street parking in a neighborhood setting

Other information

Expansion potential:

Marketing may enhance business as well as a more active owner-manager in the day to day business acitivities

Competition / Market:

There are numerous other eateries in the community.

Support & training:

Seller willing to train and assist in transition for a limited period of time from date of closing.

Reasons for selling:

To manage care of young family

Trading hours:

Open evening only for dinner 7 days a week

Financing available:

All cash or terms as are acceptable to seller. Contact broker for details

Furniture / Fixtures value:

$50,000 (included in the asking price)

Inventory / Stock value:

$12,000