Italian Restaurant / Pizzeria For Sale
Location Spain
Asking Price Range < $250K
Gross Revenues $300000
Net Profit / Cash Flow $300000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1999
Number of Employees 4 - 5
Relocatable No
Number of Employees 4 - 5
Real Estate Leased
Reason for Sale Retirement.
Description The restaurant is ideally located next to very popular hotels, very close to the seafront, and surrounded by apartments used by both residents and tourists throughout the year. Although not very large inside, the kitchen is fully equipped, and the internal premises caters, comfortably, for 50 table covers, as well as for a further 100 persons on the terrace, which is the strong point of the restaurant, being it particularly popular during the summer and having a full sun shade which can be brought down to create a cosy atmosphere in the colder months. The Italian owner has created a restaurant with an enviable reputation. The multi-lingual menu has remained pretty much the same for the last 7 years and focuses on pasta and pizza dishes. The vendor will discuss financials, but only with serious interested parties.
The restaurant is located on the main boulevar of the town, in which the traffic is restrained from 7 p.m. in the summer. It is one of the few restaurants on the boulevar that enjoys a view on the sea and is directly in front of the sea access.
The area is very touristic and dense with restaurants. Nevertheless, the restaurant has aquired a very good reputation amongst residents which secure a durable clientele throughout the year.
It would be very profitable to continue to pursue the aquisition of local clientele besides the seasonal one, in order to have the restaurant running all year around. Moreover, the owner believes there is certainly scope to cater for pizza deliveries.
The owner has spent most of his life abroad and feels that it's about time to retire in Italy, but with the constant growth the restaurant has sustained over the years, he is by no means in a hurry to leave, so only very serious buyers should apply. Contact for pictures and more information on this Italian Restaurant / Pizza business for sale.
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