Must Sell Italian Restaurant - Customers Are Waiting For Opening
Location:
United States
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Oregon
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Hillsboro
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)
Business Summary
Location: Downtown Hillsboro. Well-known Italian restaurant located in the shopping district of downtown Hillsboro. The restaurant has new equipment, home bar has a dual control 100 bottle cabinet, huge back office, uses Digital Dinning with back server access using wireless router with 2 screens and credit card sliders, Bose surround sound with Sirus Radio, website with Superpages and Dex, clientele email list of about 150 emails, new fixtures like espresso machine, ice maker, under the counter fridge, and private parking. This is one of the few Italian restaurants in the area and reaches out to the smaller towns near by. Right across the street is a new theater opening up which will bring even more hungry customers to the downtown Hillsboro area. The new theater will only be serving sandwiches, salads and pizza by the slice. They also have a 100 people banquet room and will need catering service 385-seat Theater for both live shows and movies. 1 year of sales were $336k and estimated sales for year 2 should be doubled since the theater will be doing massive marketing also wine sales were $22,000 purchase of wine was $6900 great profit on wines. All the art for the restaurant is furnished by Artist once a month so it changes out monthly.
Asking for $140,000 but is negotiable seller wants to sell quickly. Contact for more information on this Italian Restaurant for sale.
Financials
Asking Price Range: < $250K
Gross Revenues:
$336,000
Cash Flow:
$22,000
Cash Flow Type: Sellers Discretionary Cash
Inventory: $75,000
Seller Financing: Not Disclosed
About The Business
Year Established: 2007
Number of Employees: 1 - 3
Relocatable: No
Franchise: No
Current Real Estate: Leased
Property: Property For Lease
About The Sale
Management Training and Support: None.
Photos
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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: 70085187
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