Turn Key-established Italian restaurant with a lovely atmosphere, good visibility and great reviews. ABC Type 47 license for full liquor. Popular neighborhood spot for lunch, dinner and happy hour. The restaurant features a well appointed, inviting bar with liquor/wine storage, covered patio & attractive décor and furnishings throughout; including mosaic tiles, beautiful woods and granite table tops. Completely remodeled in 2009 with the finest materials and equipment. This makes for a turn key restaurant with established clientele and good sales. The shopping center provides 24 hour security and ample parking. Seating accommodates 50 inside and 60 outside. Open Monday thru Friday for lunch and dinner 7 days a week. Very well equipped with: New POS system/3 tablets, Wood burning pizza oven with separate hood, 16 ft. hooded cook line with sprinklers, 10 burner stove top with over, 6 burner stove with oven, grill, charbroiler, fryer, pasta boiler, walk-in cooler, 2 door freezer, 2 salamanders, 2 microwaves, 4 chef's drawers, 2 door under counter fridge, dough machine, meat slicer, 3, 5ft refrigerated prep tables, Hobart floor mixer, ice machine, grease interceptor. Bar includes: 2-TV's, wall wine storage, 3 tap kegerator, espresso machine, coffee machine, under counter freezer, glass washing machine, 2 jockey boxes, bar stools, cocktail tables. Other furnishings include: 3 ceiling fans, 4 floor heaters, 3 ceiling/wall heaters, vinyl covering for patio, tables, chairs, booth seating and 5 pillowed couches, sound system and speakers. Separate dishwashing area and storage.

General Info

  • OrganizationCorporation
  • Established2009
  • Current Owner2009
  • Employees20
  • Reason For SaleOther Interests

Facilities

  • Seating110
  • Square Feet2150 plus patio
  • ParkingLot
  • LicensesCity Business License, ABC, Health Dept.
  • Open HoursMon-Friday 11am-10:30pm-Sat & Sun 4pm-10:30pm

Lease

  • Rent$16,607 includes triple net
  • ExpirationMay 2020
  • Yearly IncreaseContact For Info
  • OptionWill negotiate new lease for buyer
  • DepositYes

Financials

  • Monthly Revenue$125,865
  • Monthly Cash Flowcall for info
  • Annual Revenue$1,510,377
  • Annual Cash FlowContact For Info
  • 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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