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Italian Restaurant For Sale
Location: United States -> Kentucky -> Alexandria
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

If you've dreamed of owning your own restaurant...don't miss this opportunity to turn your dream into a reality... Too many people don't pursue opening a restaurant because of all the start-up costs, work and uncertainty. But here is an owner who's done all that for you! All you need to do is take over this existing Italian Restaurant for sale open more than two years with growing sales and a full staff and customer base already in place. The owner has another career and needs to sell in a hurry. Take advantage of this rare opportunity.

Sales continue to grow. Over the last 12 months net sales were around $330,000. This Italian restaurant for sale is 2800 square feet and can seat up to 85 guests inside and an additional 20 outside. Rent is an amazing $2500 per month which includes Utilities...your gas, electric, water, sewer, and even trash removal are included.

This Italian Restaurant for sale offered by the restaurant brokers is ready for a new full time owner operator and has plenty of potential to grow significant top line sales a profit. The business is currently closed on Sundays. This Italian restaurant for sale does not serve beer or wine. These two changes alone should grow top line sales by an additional 25%. The owner recently added pizza and a few other items to the menu which is not included in sales to date. And because the owner has other responsibilities, cost of goods is running about 10 points higher than where it should be and wages is 20 points high. You do the math...a sales opportunity of over $40,000 per month and 30 percentage point improvement in cost controls makes this a very profitable venture for a new owner of this Italian restaurant for Sale.

Please feel free to contact your Certified Restaurant Broker, Steve Weinbaum at (770) 714-4552


Financials

Asking Price Range:  < $250K
Gross Revenues:   $330,951
Cash Flow:   Seller Will Provide
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  No

About The Business

Year Established:  2014
Number of Employees:  10 - 19
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Sale

About The Sale

Management Training and Support:  Yes
Reason For Selling:  Personal

Photos

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Italian Restaurant For Sale Photo 1




Print Listing Id: 700280727
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > Kentucky Businesses For Sale > Kentucky Franchises For Sale > Kentucky Business Brokers



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