Italian Restaurant For Sale

www.GlobalBX.com

Listing ID: 700287265

Listing Title: Italian Restaurant For Sale

Quick Link: http://www.globalbx.com/listing.asp?bId=287265

Industry: Food and Beverage

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

Country: United States

State / Province: Pennsylvania

Area

City: Delaware County

Asking Price Range: $500K - $1.0M

Gross Revenues: $1,000,000

Cash Flow: $231,485

Cash Flow Type: Sellers Discretionary Cash

Year Established: 2010

Number of Employees: 10 - 19

Business Description:
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. Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.



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