Italian Restaurant For Sale

Listing ID: 700280727

Listing Title: Italian Restaurant For Sale

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Industry: Food and Beverage

Industry Segment: Restaurants and Fast Food (Non-Franchise)

Country: United States

State / Province: Kentucky


City: Alexandria

Asking Price Range: < $250K

Gross Revenues: $330,951

Cash Flow: Seller Will Provide

Cash Flow Type: Sellers Discretionary Cash

Year Established: 2014

Number of Employees: 10 - 19

Business Description:
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

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