Established Italian restaurant located in one of the city’s most iconic and bustling neighborhoods. Known for its intimate, yet lively, atmosphere, it has become a go-to destination for both locals and tourists. With steady foot traffic, activity generators, and a highly dense population, this an ideal location. This turnkey opportunity is ideal for an inexpensive conversion to your own concept in a prime location. The name is not included in the sale.
PARKING: City parking
EQUIPMENT: The equipment is in excellent condition and has been well maintained.
LEASE TERM:3 years remaining with three (3) five-year options – non transferable
BASE RENT: $5,555 per month; RE Taxes – additional $1,200/quarter
CONCEPT: Italian Restaurant & Bar
SIZE: 2,000 square feet
SEATS: 78 seats
HOURS: Open Wed-Sun 4p-9p, open until 10p Fri & Sat.
LICENSES: Beer/Wine/Cordial License (Value $185,000)
SALES: $253,000
ASKING PRICE: $297,000 (For the Business)
