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:
- $195,000 Furniture / Fixtures included
- Sales Revenue:
- $208,055
- Cash Flow:
- $58,898
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Total monthly rent of $3,500
- Premises Details:
-
This is a leased location of 2,400 square feet with a Total monthly rent of $3,500. Lease ends 4/2026. Seller is active with 3 PT employees. Hours of operation are 4pm – 10pm Monday, 11am – 7pm Tuesday & Thursday and 10am – 10pm Wednesday, Friday to Sunday. $275,000 in FF&E included in the asking Price. $450,000 made in leasehold improvements.
Business Operation
- Reasons for selling:
-
Seller is moving out of state.
- Trading hours:
-
4pm – 10pm Monday, 11am – 7pm Tuesday & Thursday and 10am – 10pm Wednesday, Friday to Sunday
- Employees:
- 3 PT
- Years established:
- 8
Other Information
- Support & training:
-
14 days
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
$45K down-payment with balance paid over 360 months at 3% interest rate.
- Furniture / Fixtures value:
- $275,000 - included in the asking price
