Price Slashed!!! High Profit Italian Family Restaurant For Sale

Business description

Huge price reduction!!!!
Selling Restaurants is proud to present this listing. 72% increase in sales from 2006 which totally bucks the recent economy.
Family operated Italian restaurant in Sacramento California. Beer and Wine type 41 license is included. The present owners have created a fantastic reputation in the area and run a highly profitable, respectable restaurant. The Kitchen is brand new with a new Hood and Ansel fire system. This new Kitchen involved closing for the month of July last year, yet still the sales and profit growth is tremendous. No further investment is required and makes for an INSTANT turn key opportunity. Presently the owners only operate the restaurant for six evenings, totaling 27 hours per week therefore there is ample opportunity to increase further by opening for lunch and at weekends capturing the wedding reception and Sunday Brunch market. The building itself is in great condition and has pleasant curb appeal. 2,500 square-foot situated in a small mall which has ample, well lit parking right up front. Currently there is no outdoor seating, which new owners may be able to establish. Inside, the dining room seats 75 and there is space for a further 25 seats outside. There is also ample preparation area and storage space and a good sized brand new Kitchen. The owners have priced this to sell quickly at only $179000. The rent is very low considering it's location at only $2,500 per month ($1.00 per sq ft) with 1 year remaining plus a further 5-year option. The kitchen, while fully equipped, is laid out to maximize efficiency of movement. The tables, chairs and decorations all come with this fully equipped and ready to go restaurant. Right now this casual Italian restaurant employs few employees, but has huge potential for growth. DON'T MISS OUT

Property information

Real Estate:

Lease

Lease terms:

75 seats 100 parking Type 41 2500 sq ft $2500/mo Expires May 2009 + 5yrs option $1.00 per square foot in Sacramento is amazing.

Other information

Trading hours:

Dinners only Tuesday - Sunday 4.30pm-9.00pm

Financing available:

SBA

Contact the seller