Italian Buffet / Restaurant
Location:
United States
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California
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Southern California - San Diego Area
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San Diego
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)
Business Summary
Have you ever seen an Italian buffet restaurant? Come see this one. With more than $500,000 spent in remodeling, this place is gorgeous. Market to senior centers for monthly outings and heavy coupon marketing throughout the area has shown that, when people find this place, they love it! If you are looking for a great, high volume restaurant that has good traffic flow, plenty of parking and great Italian food, this is the restaurant for you! Located in a bustling shopping center, Walmart, Starbucks, Home Depot other leading retailers, you are in great company. This is the first time I have seen an Italian buffet and I must say, the concept can work!
The seller bought this business in 2005 as a failing Chinese buffet. He completely rebuilt the kitchen and remodeled the restaurant to make everything state of the art and beautiful. He spent over $1million dollars making this place look and function incredibly! This 9,800 square foot building seats 300 people. The seller also currently employs 5 full-time workers. Since it is a buffet, it requires only 1 server on staff, has 3 cooks/chefs and one dishwasher. The seller spends a fair amount of time in the restaurant as well.
This restaurant also has a large amount of catering business. Some catering clients even order weekly. The Hispanic community has also found that this place works great for quinseanera's. It is consistently rented out for these large parties, giving you yet another business opportunity.The restaurant is currently open for lunch from 11am-3pm and for dinner from 4:30-9pm m-f and 11am to 9pm on Saturday and Sunday. This restaurant for sale also has an existing beer and wine license (41) which is under utilized as a marketing opportunity. Developing this opportunity with longer evening hours could pay huge rewards to a new buyer.
Financials
Asking Price Range: $500K - $1.0M
Gross Revenues:
Seller Will Provide
Cash Flow:
Seller Will Provide
Cash Flow Type: Sellers Discretionary Cash
Seller Financing: Not Disclosed
About The Business
Year Established: 2005
Number of Employees: 6 - 9
Relocatable: No
Franchise: No
Current Real Estate: Leased
Property: Property For Lease
About The Sale
Management Training and Support: Two weeks at 40 hours.
Reason For Selling: Other business interests.
Click on the "I'm Interested" button above for more information on this Food and Beverage > Restaurants and Fast Food (Non-Franchise) business for sale.
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Print Listing Id: 700103585
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