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Italian Restaurant In Lehigh County For Sale

Lehigh County, Pennsylvania, US
Asking Price:
$420,000 Inventory / Stock included
Sales Revenue:
$650,000
Cash Flow:
$175,000

This longstanding profitable Italian Ristorante is offered for sale due to health issues of the owner who has meticulously cared for this local landmark with pride for over 20 years. A large hospital with a thousand plus employees is a short walk away that provide ample take out. Authentic Italian cuisine, menu and service has led to this being one of the areas favorites. As 4-star rating on Trip Advisor and Yelp its has maintained quality through the Covid period. This business is priced to sell and will not last long on the market. Inside seating for 100 with imported Italian marble tables is complimented with an additional outdoor Al Fresco dining or happy hour experience in the 100-seat patio featuring fountains and statues. Price at $420,000 it is a steal! The sale includes: Business, Pa. Liquor License, all inventory, all equipment, website, Facebook Page, all furniture and fixtures, recipes and the owner is willing to stay on for a period of time for training if needed. The assets alone are worth the purchase price! The owner also owns the property and will sell separately or negotiate a very reasonable lease. The business is located on a high traffic corner lot with parking lot as well as on street parking. Business can easily be increased as the owner has not done any advertising of any kind in years. Currently it is only open 5 days a week and could enjoy sales growth with opening additional days. Offering happy hours and entertainment in the patio would also drive more business. Owners Cash flow is increased as he currently does not pay rent or a chef as he is the owner of property as well chef. If you are looking to hit the ground running with an established favorite, relocating from more urban areas and get in on one of the better opportunities priced aggressively, this is the one for you. Please call Jerry Calabrese

If interested, please contact the seller through the form on this page.

For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-33902 for instant access to this business information.

Business Operation

Reasons for selling:

Health Issues

Employees:
2FT/4PT
Years established:
2000

Other Information

Support & training:

Seller will train

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

420,000.00 Down & Possible for a qualified buyer

Furniture / Fixtures value:
$160,000
Inventory / Stock value:
$16,000 - included in the asking price

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