Turnkey Italian Restaurant In Poconos For Sale

Business description

For sale By Owner. Turn Key Italian restaurant . Great location and great traffic visible located on a major Interstate Hwy. Growing customer base with one of the fastest growing areas in PA. Needs the love and care of a hands on owner. Excellent staff in place, restaurant shows a postive net income after one year of operations. We have over $100k in assets. All offers will be considered. Please email for more information. Thank You

Property information

Real Estate:

Lease

Lease terms:

2 years left with two three year renewels. lease is reneg.

Leasehold rent:

$14,400 per annum

Living accommodation:

The upstairs of the restaurant can be converted to an apartment.

Location:

The restaurant is located on a main highway in the poconos that is highly traveled with over 15,000 car count in winter and over 25,000 car count in summer per day.

Premises details:

The business is 2400 sqft, seats 54 which 25 extra seats can be added with no problem. The interior of the building is brand new everything was redone within the past year and all equipment is brand new.

Size in square feet:

2,400

Other information

Expansion potential:

Their are many expansion opportunties the back portion of the restaurant has extra storage space which can be converted to dining in the future.

Competition / Market:

The restaurant has one of the best reputations in the poconos we have been told by many customers that the next comparable restaurant is in New York.

Reasons for selling:

Selling business due to relocation

Trading hours:

Mon-Thurs 7am to 9pm
Fri & Sat 7am to 10pm
Sun 8am to 2pm

Financing available:

Cash, Traditional

Furniture / Fixtures value:

$86,000 (included in the asking price)

Inventory / Stock value:

$7,000 (included in the asking price)