Completely rebuilt as new in 2018. Corner location Italian Restaurant and Bar with a ABC Type 41Beer and Wine license, large covered and heated patio. The restaurant has an excellent reputation for Homemade Pasta & Authentic Pizza which is the only quality Italian restaurant in the area. The landlord is the current owner and wishes to retire while retaining ownership of the property. The Kitchen is truly state of the art. Completely stainless steel with a 10ft Type 1 hood with fire suppression system, large Pizza oven, deep fryer, 6 burner stove with under stove refrigeration draws and large stock-pot burner. The kitchen Pizza service area has the homemade Pasta machine and separate cold prep 'Mise en Place' area. Other Toys include Hoshizaki/Foster 400lb bin ice machine, 20 qt floor standing mixer, dishwash machine and stainless- steel tabletops and sinks, convection oven, steam table and ample refrigerated worktops with undercounter storage and walk-in with walk-in freezer. Fully compliant outside underground 1,058 lbs Grease Interceptor installed just 4 years ago, model #40100A04M(T). Did I Mention the Kitchen is completely Stainless Steel!!! The Bar is equipped with 8 hard backed high bar stools, large Flatscreen TV & wine racks display with sinks etc. The modern appealing dining room also has a private dining area for up to 20 guests. Modern Italian artwork is displayed on every brick wall with its high ceiling which leads onto the Patio. The 65 outdoor seats are comforted with 8 electric heaters, string night lighting and completely covered roof with sides which can be secured, therefore the space is used all year around. There is also further seating for 10 around the restaurant, again covered and both of the nice sized bathrooms are fully ADA compliant. The location has a public adjacent decorative water fountain and is the center of the seasonal city Christmas tree placement. You couldn't find a better location in the area. To receive more information and discuss this opportunity with the broker along with the broker's connections for a long-term SBA loan solution to purchase, 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

  • OrganizationSole Proprietorship
  • Established1941
  • Current Owner2011
  • Employees2 + 3 PT
  • Reason For SaleOther Interests

Facilities

  • Seating65 Indoors + 50 Patio
  • Square Feet1,775 + 875 Covered & Heated Patio
  • ParkingLarge Parking Lot
  • LicensesABC Type 41, Health & Business Licenses
  • Open Hours12Noon - 8.30pm Daily

Lease

  • Rent$4,500 +NNN - New Lease Negotiable
  • Expiration2027
  • Yearly Increase3%
  • OptionNew Lease 5 yr option Negotiable
  • Deposit$4,500

Financials

  • Monthly Revenue$53,400
  • Monthly Cash Flow$18,659
  • Annual Revenue$640,000
  • Annual Cash Flow$223,908
  • Payroll4,167

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