Italian Restaurant for Sale

Undisclosed Address, Alabama
Business Opportunity for Sale
Catylist Listing ID: 30131699
Property Subtypes: Food and Beverage
Building Size (RSF): 4,000 SF
Sale Price: $375,000
Gross Revenue: $800,000 (Annual)
Cash Flow: $0 (Annual)
Last Updated: 7/21/2017

Overview / Comments

Authentic Italian restaurant for sale on the Eastern Shore. Owner is moving back to Europe and must sell the restaurant. Newly renovated location with good lease rate. Lots of new equipment to convey as well as all current inventory, estimated weekly around $30,000 in food and alcohol. All recipes to go to new owner.

Additional Details

Industry Segment: Restaurants
Value of Inventory Included ($): $30,000
Value of Furniture, Fixtures, and Equipment ($): $200,000
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Employee/Labor Description: Plenty of trained staff in place with 3 full time and 12 part time employees
Mgmt/Training Support Description: Owner willing to stay on for one month after sale to train new owner.
Growth/Expansion Opportunities: Lots of opportunity to grow the business. Current owner does almost no marketing. Great opportunity to add catering services to increase sales.

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 1,434 3,406
Median Age: 41.26 36.9
Households: 546 1,283

Contact

Photograph of Listing Agent

Chris Harle

White-Spunner Realty
Gulf Coast CMLS Member
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