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




Business Summary

Upside! INCREASE REVENUE By $600K. Adding Mondays, lunch, hours, delivery and catering increases cash flow by $200k /- Location, location, location on busy thoroughfare in affluent Delaware County town. Within a short distance 500 new apartments are scheduled to open in late 2018.The restaurant offers authentic Italian cuisine and has a full bar serving beer, wine and mixed drinks. The 3,000 square foot stand alone building has parking for 40 cars and seats 80. The parking lot, building, fixtures and equipment are in mint condition.

The building was remodeled about 5 years ago. All of the kitchen equipment was replaced at that time. The air conditioning, heating and refrigeration equipment has been recently replaced and is still under warranty. The restaurant is currently operating 6 days from 5pm to 10pm. Owner does not deliver or cater. There is a renovated 2 bedroom upscale apartment, currently renting for $1,500 per month, suitable for the new owner. Seller would consider offering a package including the real estate for $2,200,000.

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Financials

Asking Price Range:  $500K - $1.0M
Gross Revenues:   $1,000,000
Cash Flow:   $231,485
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  No

About The Business

Year Established:  2010
Number of Employees:  10 - 19
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Sale

About The Sale

Management Training and Support:  Seller will train buyer.
Reason For Selling:  Retiring.

Photos

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Italian Restaurant For Sale Photo 1




Print Listing Id: 700287265
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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 > Pennsylvania Businesses For Sale > Pennsylvania Franchises For Sale > Pennsylvania Business Brokers



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