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Long Standing High Volume and Successful Italian Restaurant for Sale! Successful for over 40 years! Volumes over $5 Million!!
This Italian Restaurant for sale is in the perfect location, surrounded by retail and offices complexes, as well as high end residential homes. The lease is very attractive and gives you ample time to continue to grow this already successful business.This is a Certified Pre-Owned Restaurant® the highest standard for restaurant listings. It has been reviewed by a Certified Restaurant Broker® and has verifiable Sellers’ Discretionary Earnings (SDE). It has been listed based on the strictest industry standards and if SBA lending is advertised, the business earnings qualify subject to Lender’s review & approval. The Business Analysis Tool with the latest profit & loss information is available for immediate review by qualified buyers and has been evaluated based on industry guidelines for expense ratios. The equipment in the store transfers free and clear of any liens subject to UCC Lien search by closing agent. If the space is leased, it is available for assignment, extensions, renewal or new agreement for qualified buyers and if the business is a franchise, it meets the criteria for transfer for assignment of the franchise. The acquisition of a Certified Pre-Owned Restaurant® includes the services of a Certified Restaurant Broker® at no cost to the buyer.
Please click on the tab below to easily acknowledge confidentiality on this . For many business opportunities, you will immediately receive the name, address, photos, and most recent financials. If you have any questions, please contact Certified Restaurant Broker Scott Ruby at (612) 352-8718Lease Term: Lease extension being negotiated
Monthly Rent: $14250
Indoor Seating: 100
Inside Sq. Ft: 9000
Hood System: Yes
Neighboring Businesses: Residential, Restaurants, Retail and Grocery Stores
Hours Open: Tues - Sun 11am - 8pm Mon - Closed
# of Part-Time Employees: 100
# of Full-Time Employees: 30
Net Sales: $4268382.43
Owner Benefit: $456468.8