MergerPlace

Upscale, High Volume Italian Restaurant

Virginia (Virginia Beach City)


  • Asking Price: $595,000
  • Gross Income: $1,517,736
  • Cash Flow: $184,109
  • Real Estate: Not Disclosed
  • Inventory: $9,647
  • FF&E: $200,709
  • Listing ID: #198878
  • Established: 2005
  • Employees: 5 FT/15 PT

Business Description

High volume, established Italian restaurant and bakery for sale in a busy section of Hampton Roads. Revenues last year exceeding $1.5 million. This restaurant has been receiving great reviews for more than a decade. The combination of regular repeat customers and high volume traffic in the area has helped keep this restaurant one of the busies in the area for several years. With a great reputation, outstanding chefs, staff, etc. this is a restaurant that you have to see. For over 20 years, the restaurant has been starting it's day baking European Italian breads, hand made mozzarella cheese, fresh baked desserts and so much more.

This is a very popular, and well established fine dining restaurant, with a family feel. The restaurant is always at the top of any local 'Best Of" list. Emphasizing fresh in-house, local products and great service, this restaurant has been very successful for many years. The restaurant is in a great location, in a highly visible, high traffic area, and provides an excellent opportunity for a new owner-operator to carry on the tradition, and maybe add a flair of their own.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: Virginia
County: Virginia Beach City

Company Information

Year Established: 2005
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 5 FT/15 PT

Financial Information

Asking Price: $595,000
Gross Revenue: $1,517,736
Cash Flow: $184,109
FF&E: $200,709
Inventory: $9,647
Seller Financing Available: No

Property Information

Facilities:

Bakery and restaurant.

Competition:

Considered one of the top Italian restaurants in Hampton Roads. The name has been around the area for decades building exceptional brand loyalty and reputation.

Reason for selling:

Owner focused on other business.

Support & Training:

Will train for 2 weeks @ no cost.

Contact Business Seller

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Business Listed By:

Chris Settelen

Murphy Business Brokers