Italian trattoria located on a busy downtown street in an affluent peninsula community. This street has recently undergone a revitalization, with older shops turning over into newer, more updated businesses, and long-lasting businesses undergoing updates. This restaurant is situated in a prime location, with lots of foot traffic going to nearby retail and food locations. The restaurant serves Italian classics and has attracted a local following. The decor is homey and family-friendly. The downstairs, street-level space seats 60; the upstairs loft seats 16; the outside area seats 12. There is a pizza oven situated near the bar area in the front of the space, and an open kitchen near the back. The restaurant's open kitchen comes equipped with 20' hood, two 6 burner stoves, fryer, grill, convection oven, three 2 door under counter refrigerators prep station, 1 and 2 compartment prep sinks, ice machine, dishwasher, 2 door reach in refrigerator, slicer, 1 door reach in refrigerator, 1 door reach in freezer, back yard area with a walk in refrigerator and storage, espresso machine, 1 door under counter refrigerator, hand washing sink, wine rack on lobby wall , two bathrooms, and flat screen TV.

General Info

  • OrganizationContact For Info
  • Established2005
  • Current Owner2005
  • EmployeesContact For Info
  • Reason For SaleOther Interests

Facilities

  • Seating60 Inside and 12 Outside
  • Square Feet2200
  • ParkingStreet
  • LicensesBeer and Wine, Health and Business
  • Open Hours11am - 2pm and 5pm - 9pm Monday - Thursday 11am - 2pm and 5pm - 9:30pm Friday 5pm - 9:30pm Saturday 5pm - 9pm Sunday

Lease

  • Rent$10,516
  • Expiration2020
  • Yearly IncreaseContact For Info
  • OptionNegotiable
  • Deposit$7,428

Financials

  • Monthly Revenue$94,406
  • Monthly Cash Flow$9,583
  • Annual Revenue$1,132,881
  • Annual Cash Flow$115,000
  • PayrollContact For Info

Financing

  • Down Payment$Contact For Info
  • Note Balance$Contact For Info
  • Terms of NoteContact For Info
  • All CashContact For Info

DISCLAIMER: The above financial information was supplied by the seller and has not been verified by broker. Broker makes no representation about the accuracy or completeness of the information and does not guarantee future performance. It is the responsibility of a prospective buyer to make their own inspection of all financial and other business records, and to seek independent financial and legal counsel regarding any purchase of this business and/or real estate.

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