Established Italian Restaurant Beer & Wine
Location California,United States
Asking Price Range $250K - $500K
Gross Revenues $518000
Net Profit / Cash Flow $96000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1995
Number of Employees 6 - 9
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Training Seller will train for 2 weeks at 20 hours per week.
Reason for Sale Personal.
Description This well-established owner operated Ontario Italian restaurant has been a local favorite for pastas, salads and pizza, and become the a standard location for birthdays, reunions and family get togethers for over 15 years. This very stable operation provides the existing or aspiring restaurateur or an entrepreneur a very steady turn-key income stream, or a firm foundation on which to further build the already profitable business with little downside risk.
This 2,600 square foot stand-alone building boasts a large parking area, a separate banquet, party or game room, and excellent freeway access. The facility leases for an unbelievable $2,323 per month (it should be closer to $4,000!), with 8 years remaining on the lease and on 10 year option. With a single minor exception, all furniture, fixtures and equipment is owned outright and will included in the sale, as well as a beer and wine license. The equipment includes a walk-in coolers, a 4 drawer pizza oven, deep fryers, stove, oven, deli slicer, salad prep, food prep and buffet tables, and seating for over 88 patrons.
Family style Italian restaurants always face steady competition, however, those which have become community stables for 20+ years have already managed to weather the storms of new competitors.
New owners may seek to expand the menu, add a full liquor license (pending ABC approval), extend the delivery service area, or modify the concept all together. Naturally, local flyers, community sponsorships, coupon mailers or other firms of direct mail or direct market also tend to increase revenues. Contact for more information on this Italian Restaurant for sale.
Click Here To Contact Seller
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