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Italian Restaurant With Beer-Wine-Price Reduced In Riverside County For Sale

Riverside County, California - South, US
Asking Price:
$245,000 Furniture / Fixtures included
Sales Revenue:
$726,625
Cash Flow:
$128,056

Price reduced This is your traditional neighborhood Italian restaurant, serving all the classics: fettuccini alfredo, chicken parmigiana, spaghetti and meatballs, and of course, wine and beer. They have been a staple in this high traffic Plaza in Riverside County for 15 years, serving lunch and dinner to locals and the surrounding cities alike. They're located on the main artery with close proximity to several major freeways, and offer ample parking in their gigantic lot.

Enter the space, and you’ll immediately notice the great lighting, fantastic ambiance, and perfectly clean dining room. The space features a banquet room for family and corporate events, a (very underutilized) bar, and a private upstairs office with storage and an additional restroom! The kitchen pass thru window provides increased productivity, and the kitchen is organized and well-equipped: a large 12' hood, two pizza ovens, an 8-burner stovetop, fryer, warming bins, a pasta cooker, a walk-in refrigerator, and a private storage room.

This owner team have done a fantastic job operating the business. They have a great repeat core clientele, with revenues that grow year over year. However, add their looming health issues on top of the responsibilities of operating a business, and the owners have decided to sell their beloved restaurant. This is an opportunity for a Buyer to step into a successful, profitable restaurant and take it to the next level. Give the extremely underutilized bar a makeover (add flat screen TVs!!) to start generating more liquor revenue. The current owners stopped advertising in 2019; begin marketing to increase your client base. Despite having over 600 4+ star reviews, the website could use both a minor refresh and online ordering. Finally, their social media presence is bare minimum: Instagram is a must in 2022.

This Italian restaurant is well-established, profitable, and turnkey, with an excellent core repeat clientele. If you’ve been looking to enter (or expand into) the restaurant space, this is the opportunity for you. Reach out to the Agent today!

Property Information

Real Estate:

Lease

Lease Terms:

New Lease Required, $8800Mo including CAM, Security Deposit $5973

Leasehold Rent:

$105,600 per annum

Premises Details:

Well-established - same location for 15 years
Excellent center unit in a high-traffic plaza
Offer an extensive beer and wine list -- 41 license included with sale
Pizza demand is so strong, they recently installed a second pizza oven!
Well-equipped kitchen, including a large walk-in refrigerator
DoorDash has been excellent, but add Grubhub, Postmates, and UberEats to take full advantage of the delivery services!

Size in square feet:
3,620

Business Operation

Reasons for selling:

Health Concerns

Employees:
9
Years established:
2007

Other Information

Support & training:

Owner Will Train

Furniture / Fixtures value:
$35,000 - included in the asking price
Inventory / Stock value:
$4,500

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