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




Business Summary

SBA Pre-Qualified- Huge Money Making Stunning Italian Restaurant
SBA Pre-qualfied! Rare opportunity to take over this money making and stunning Italian Restaurant for sale that is approximately 1.75x Seller's Discretionary Earnings. This restaurant is a gem as it has a wonderful atmosphere. It's known for excellent and classic food and fabulous customer service. The restaurant has a full liquor bar and license. There is plenty of seating available inside and outside plus private rooms available for parties along with plenty of parking for its guests. EB2 visa possible. The business also includes residential space that the next owner can live in or lease out for additional income. If you own an existing restaurant, this would make a fabulous addition to your portfolio or this gem of a place would make for a great first entry into the business. The real estate is also available for sale at an additional price. Please note the wine and liquor inventory is excluded from the sales price and is approximately $120k. The numbers listed are for 2021 calendar year.


Financials

Asking Price Range:  $1.0M - $2.5M
Gross Revenues:   $2,369,698
Cash Flow:   $711,859
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $252,500
Seller Financing:  Not Disclosed

About The Business

Year Established:  2011
Number of Employees:  1 - 3
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased

About The Sale

Management Training and Support:  4 weeks
Reason For Selling:  relocation

Photos

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Stunning Italian Restaurant For Sale Photo 1




Print Listing Id: 700370377
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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 > Connecticut Businesses For Sale > Connecticut Franchises For Sale > Connecticut Business Brokers



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