Price reduced to $275,000 for this profitable, stylish Italian restaurant, centrally located in Fair Oaks near Sacramento making $156,000 profit. Owner has built an envious reputation in just 3 years at the present location. Previously located in Folsom for many years, and now the owner is ready to retire and return to his home country of Italy. All recipes, Website, Intellectual property, Quality fitted Kitchen and Goodwill included. 2021 saw revenues of $750,000 producing 21% owner's income, opening hours are evenings only from 4pm-9pm. 70 seats indoors with a further 18 on the patio. Some Kitchen equipment includes 10ft type 1 hood with fire suppression system, stoves with ovens, convection oven, fryers, walk-in, 2 pizza refrigerators and an abundance of mixers, freezers, steam table & pots and pans. Quality Pizza, Pasta, Seafood and authentic Italian Meat dishes. See a couple of recent consumer reviews and review the 2021 financials below. "1/27/2022 For 25 people to go for a party and it was phenomenal everyone raved about the food it was ready when we came. Very friendly professional staff couldn't be happier we will definitely be back, thank you so much." "12/12/2021 The wild boar Osso Bucco could not have been better. The lobster raviolis have me dreaming about a rematch. We have been twice & plan to return often." To receive more information and discuss this opportunity with the broker along with the broker's connections for a long-term SBA loan solution please complete the 'Non-Disclosure Agreement' on our website and we'll send you the name and address of this business opportunity along with full financial information, lease & comprehensive list of equipment included with the sale. We'll also send you the Broker's direct contact information so you can discuss this opportunity in more detail.

General Info

  • OrganizationInc
  • Established2004
  • Current Owner2019
  • Employees13
  • Reason For SaleRetirement

Facilities

  • Seating70 + 18
  • Square Feet2,700 + 800 Patio
  • ParkingAmple Parking Lot
  • LicensesABC Type 41, Business & Health licenses
  • Open Hours4.00pm - 9.00pm Daily

Lease

  • Rent$6,000 inclusive NNN
  • ExpirationJanuary 31st 2025
  • Yearly IncreaseContact for Info
  • OptionOne 5 year Option
  • Deposit$4,284

Financials

  • Monthly Revenue$61,000
  • Monthly Cash Flow$13,000
  • Annual Revenue$732,000
  • Annual Cash Flow$156,000
  • Payroll12,834

Financing

  • Down PaymentContact For Info
  • Note BalanceContact 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.

Location