This well-established Italian restaurant boasts a prestigious Zagat rating and is recognized for its exceptional dining experience. Operated by the owner, this restaurant has earned a reputation for excellence, reflected in over 1,000 positive reviews. It comes fully equipped with a beer and wine license, enhancing its already inviting atmosphere. Ideal for a passionate owner-operator looking to continue a tradition of culinary excellence. This is a prime opportunity for anyone eager to own a piece of culinary prestige in a thriving community.
This business opportunity is SBA-approved with a low down payment requirement of only 10%. For an initial investment of $15,000, you can acquire a business with an annual net profit of $90,000. The seller, a serious and prepared business owner, has engaged a Certified Public Accountant (CPA) to ensure all necessary documentation is in order for a thorough due diligence process. This includes tax returns, leases, equipment lists, and financial statements.
For a quick response to your inquiry, please email listing agent Trent Lee.
- Asking Price:
- $156,318 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $788,573
- Cash Flow:
- $92,346
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Total monthly rent of $3,000
- Premises Details:
-
This is a leased location of 2,000 square feet with a Total monthly rent of $3,000. Lease ends 4/2027 with One 5-year options. Seller is active with 12 FT and 5 PT employees. Hours of operation are 4pm-9pm Tuesday to Saturday and 4pm – 8pm Sunday. $10,000 in inventory and $75,000 in FF&E included in the asking Price. $125,000 made in leasehold improvements. Beer / Wine license required.
Business Operation
- Reasons for selling:
-
Seller is opening a bigger location in Summerlin.
- Trading hours:
-
4pm-9pm Tuesday to Saturday and 4pm – 8pm Sunday
- Employees:
- 12 FT, 5 PT
- Years established:
- 8
Other Information
- Support & training:
-
14 days
- Furniture / Fixtures value:
- $75,000 - included in the asking price
- Inventory / Stock value:
- $10,000 - included in the asking price
