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Valid Business - Restaurant For Sale

Location  Italy
Asking Price Range  $250K - $500K
Gross Revenues  $0
Net Profit / Cash Flow  $0
Cash Flow Type  EBITDA
Seller Finance  Not Disclosed
Year Established  2000
Number of Employees  10 - 19
Relocatable  Not Disclosed
Number of Employees  10 - 19
Real Estate  Owned

Description  
Valid business, a restaurant in the centre of Milan. The restaurant is frequented VIP clients. About 2-3 years ago, the annual turnover of the restaurant was more than a million euros. Because of the mistakes of the new management turnover amounted to _ 500,000 in 2013. The new management has arrears of rent. Urgent sale! Sold the business itself (without premises), including furniture and equipment. Price - 200 000 Euro. The auction is possible. The annual rent is 95 000 euros per year + VAT 22 %, the fee for a condominium - 10 000 euros per year. Additional information is available upon request.


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