MergerPlace

Italian Restaurant.... Reinvented!

Ohio


  • Asking Price: $418,000
  • Gross Income: $622,000
  • Cash Flow: $167,919
  • Real Estate: Not Disclosed
  • Inventory: $12,434
  • FF&E: $36,195
  • Listing ID: #202101
  • Established: 2007
  • Employees: 3 FT/6 PT

Business Description

Award-Winning, successful and profitable Italian Restaurant for Sale! Farm to table style restaurant with a reinvented sophisticated Italian Menu. Reliable, dependable, very hard working staff. Current Chef de Cuisine/Kitchen Manager does all ordering/receiving and daily specials. Line cook/prep cook/dishwasher makes all pasta as well. Small menu that is reliably well prepared. Open for dinner only. Six days a week, about 30 hrs total. This restaurant was founded in 2007. Over the past two years the owner has made significant upgrades throughout, resulting in a chef's Dream Kitchen and an impressive consistent increase in revenue!


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: Ohio

Company Information

Year Established: 2007
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 3 FT/6 PT

Financial Information

Asking Price: $418,000
Gross Revenue: $622,000
Cash Flow: $167,919
FF&E: $36,195
Inventory: $12,434
Seller Financing Available: No

Property Information

Facilities:

Beautiful brick 1,293 sq ft building in the heart of a highly desirable historic neighborhood. Excellent visibility and curb appeal on a very heavy foot and drive by traffic intersection. New fenced in patio with a very comfy couch and new umbrellas. Professionally decorated dining room with everything new in the past two years. Chandeliers, mirrors, bar top, bar chairs, new bar shelving, stone walls, new paint on every inch of the dining room, completely re-done restrooms from top to bottom, new glassware, dinnerware, silverware, everything! Business expanded which led the owners to purchase walk in cooler, new shelving and lots of new equipment in the kitchen.

Growth & expansion opportunities:

The restaurant is currently closed one day a week. Opening an additional day would increase sales significantly.

Competition:

There are several restaurants in the area however, this establishments stands out due to the unique menu, In House home made paste and support of local, organic, and sustainable food practices.

Reason for selling:

The owner and his wife were Blessed with a newborn only weeks after purchasing this restaurant. He would like to pursue an opportunity that offers the ability to spend evenings with family.

Support & Training:

Will train for 4 weeks @ no cost. Italian favorites reinvented with local and organic ingredients, hand selected wines from around the world, 6 Course Wine/Dinner events and Private Events. Patrons can enjoy a comfortable and relaxed atmosphere, cozy bar and outstanding service. The owner and staff are committed to providing a memorable experience. Liquor Licenses included - D1, D2, D3 & D6.

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Business Listed By:

Tiffany Kert

Murphy Business Brokers