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Listed by:

Restaurant Realty Company

Broker license number: 01310250

Price Reduction Successful Italian Restaurant For Sale

Sacramento Metro Area, California - North, US
Asking Price:
$325,000
Sales Revenue:
$732,000
Cash Flow:
$156,000

Price Reduction - Successful Italian Restaurant–Envious Reputation - Fair Oaks near Sacramento

RRC#: 4116
Asking Price: $325,000
Location: NE Sacramento
Annual Revenue: $732000
Annual Cash Flow: $156000
Monthly Rent: $6,000 inclusive NNN
Expiration: January 31st 2025

Listing Description:
The Price has been reduced for this profitable, stylish Italian restaurant, centrally located in Fair Oaks near Sacramento. Owner has built an envious reputation in just 3 years at the present location, he was located in Folsom for many years prior. The owner is ready to retire and return to his home country of Italy. All recipes, Website, Intellectual property, Quality fitted Kitchen and Goodwill included. 2021 saw revenues of $750,000 producing 21% owner’s income, opening hours from 4pm-9pm only. 70 seats indoors with a further 18 on the patio. Some Kitchen equipment includes 10ft type 1 hood with fire suppression system, stoves with ovens, convection oven, fryers, walk-in, 2 pizza refrigerators and an abundance of mixers, freezers, steam table & pots and pans. Quality Pizza, Pasta, Seafood and authentic Meat dishes.
See a couple of recent consumer reviews and see the 2021 financials below.
To receive more information and discuss this opportunity with the Broker along with the Broker’s connections for a long-term SBA loan solution please complete the ‘Non-Disclosure Agreement’ on our website and we’ll send you the name and address of this business opportunity along with full financial information, lease & comprehensive list of equipment included with the sale. We’ll also send you the Broker's direct contact information so you can discuss this opportunity in more detail.
“1/27/2022
For 25 people to go for a party and it was phenomenal everyone raved about the food it was ready when we came. Very friendly professional staff couldn't be happier we will definitely be back, thank you so much.”
‘12/12/2021
The wild boar Osso Bucco could not have been better. The lobster raviolis have me dreaming about a rematch. We have been twice & plan to return often.’
To receive more information and discuss this opportunity with the broker along with the broker’s connections for a long-term SBA loan solution please complete the ‘Non-Disclosure Agreement’ on our website and we’ll send you the name and address of this business opportunity along with full financial information, lease & comprehensive list of equipment included with the sale. We’ll also send you the Broker's direct contact information so you can discuss this opportunity in more detail.


General Information:
Organization: Inc
Year Established: 2004
Current Owner: 2019
Employees: 13
Reason For Sale: Retirement

Financial Information:
Monthly Revenue: $61,000
Monthly Cash Flow: $13,000
Annual Revenue: $732,000
Annual Cash Flow: $156,000
Annual Payroll: $154,000

Facilities:
Square Feet: 2,700 + 800 Patio
Seating: 70 + 18
Parking: Ample Parking Lot
Days/Hours of Operation: 4.00pm - 9.00pm Daily

Property Information

Real Estate:

Lease

Lease Terms:

Monthly Rent: $6,000 inclusive NNN
Expiration: January 31st 2025

Leasehold Rent:

$72,000 per annum

Location:

NE Sacramento

Premises Details:

70 seats indoors with a further 18 on the patio. Some Kitchen equipment includes 10ft type 1 hood with fire suppression system, stoves with ovens, convection oven, fryers, walk-in, 2 pizza refrigerators and an abundance of mixers, freezers, steam table & pots and pans

Size in square feet:
2,700 + 800 Patio

Business Operation

Reasons for selling:

Retirement

Trading hours:

4.00pm - 9.00pm Daily

Employees:
13
Years established:
2004

Other Information

Support & training:

Yes

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