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Gourmet Pasta House Catering In Lehigh County For Sale

Pennsylvania, US
Asking Price:
$800,000 Inventory / Stock included
Sales Revenue:
$1,000,000
Cash Flow:
$260,000

Looking for top shelf Quality and Higher than average profitability? Check out this must-see Established beautiful Pasta House and Catering pizzeria business now available in Lehigh County Pennsylvania. Features Location, Location, Location, and a very profitable menu by design. COVID 19 note:

While initially hit hard by Covid 19 some historical numbers may shed light. According to the seller this year (2020 ) they averaged $24-$25,000./ week in January, $27-28,000./ week in February, Dropped to $18,500 for March.

But Now with the reopening of outdoor dining, they did $38,000.00 for the week of June 14, 2020, in only 6 days. With 30,000 people working within 5 miles, the demand is strong for lunch and catering. In Addition, another 26,000 homes within the same radius equals continued demand for dinner. Along with excellent food and service, the establishment is an inspired design to cater for seating of 120 between indoor and out, 64/60 respectively.

This best-in-class restaurant also offers alcohol and according to the seller, it accounts for $4,500.00 to $5,000.00 /week of total revenue and at higher than-average margins. This is expected to continue as this beautiful relaxed restaurant is the jewel of a fast-growing and underserved community.

Superior quality and higher-than-market prices make for a profitable combination! The seller’s 40 years of experience is on display here. Don’t miss out. Seller is open to selling outright or taking on a managing partner. Partner would be guaranteed $52,000.00 per year plus commensurate to equity purchased net profit each week. Minimum Buy-in $250,000.00.

Business Operation

Reasons for selling:

Business model

Employees:
5 FT/3 PT
Years established:
4

Other Information

Support & training:

Seller will train

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

400,000.00 Down & balance of $400k for 6% for 60 months

Furniture / Fixtures value:
$375,000
Inventory / Stock value:
$15,000 - included in the asking price