Italian restaurant located on a busy downtown street in an affluent peninsula community. This restaurant is located on a corner of a main commercial street, with lots of foot traffic going to nearby retail and food establishments.
The restaurant serves Italian classics and has a strong local following. 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.
There is tremendous opportunity for a new owner to leverage the spaciousness and excellent location of the restaurant. Although the restaurant is currently profitable, a more contemporary concept has the potential to be even more successful.
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.
- Current OwnerContact For Info
- EmployeesContact For Info
- Reason For SaleOther Interests
- Seating60 Inside and 12 Outside
- Square Feet2200
- 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
- Yearly IncreaseContact For Info
- Monthly Revenue$94,406
- Monthly Cash Flow$9,583
- Annual Revenue$1,132,881
- Annual Cash Flow$115,000
- PayrollContact For Info
- Down Payment$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.