This attractive, 8,000 square foot, turnkey restaurant serves a complete menu of pizza, calzones, sandwiches, Italian foods, fried foods, a huge list of appetizers and salads.
This restaurant boasts 4.5/5 stars on Trip Advisor and 4.4/5 stars on Google, so it’s clear that their customers love them!
They have a full liquor license for the restaurant as well as a separate beer & wine license for take-out.
The bar seats 18, plus 40 (mostly high tops). The dining room has 54 seats and has live music weekly. There is a function room that can seat 75 guests and a large “team table” that seats 16.
The business is in a trendy part of the city that has been steadily growing in population and traffic on the road is reported to be over 13,000 vehicles per day.
The owner is ready to transition this restaurant to a new owner and to retire. He will stay on for the transition.
Financials
Asking Price: $420,000
Gross Revenue: $2,225,856
Cash Flow: $236,377
FF&E: $75,000 +/- (included in the sale price)
Inventory: $25,000+/- (included in the sale price)
Real Estate: Leased at $14,500/month
Year Established: 1989
Employees: 15 FT, 17 PT (including seller)
Payroll: $ 732,244/ year
Hours of Operation: Monday-Saturday: 11 AM – 9 PM, Sunday 3:00 PM – 9:00 PM
Opportunities for growth: Potentially open earlier on Sunday and consider catering.
Note: Financials are seller-provided and not audited by Inbar Group, Inc.
