Italian Restaurant
Italian Restaurant
25 years of Established Business Great opportunity to own an established Italian Restaurant. 25 Years of success ready for a new owner. Heavy traffic and great exposure on two main highways and the Blue Ridge Parkway. Over 100k spent on improvements including roofing, power generator, HVAC, natural gas, surveilance with DVR, POS System. Dine in, take out, drive through pick up. Outdoor seating, all ABC permits. 3,086 sq building. Rent $3,500, Option to buy Real Estate valued at $500k. FF&E included in asking price. Selling due to retirement, training is provided. Open 6 days a week serving lunch and dinner.
Location
Country: | USA |
State or Province: | NC |
City: | Linville |
Location Zip or Postal Code: | 28662 |
Listing Information
Service Type: | Sit-Down Table Service, Drive Thru |
Title of Listing: | Italian Restaurant |
Year Established: | 1995 |
Number of Locations: | 1 |
Number of Seats: | 51-150 |
Size: | 3086, Square Feet |
Patio: | Yes |
Number of Employees: | Less than 10 |
Hours of Operation: | Tuesday - Sunay 11am-9pm Monday Closed |
Reason for Selling: | Retirement |
Owner Operated or Absentee Owner or Flexible: | Flexible |
Training Provided: | Yes |
Financial Details
Asking Price: | $385,000 |
Gross Revenue: | 616,920 |
Gross Revenue Range: | $500,000-$1,000,000 |
EBITDA Range: | $100,000-$300,000 |
SDE Range: | $100,000-$300,000 |
FF&E Value (Furniture Fixtures and Equipment): | 75000 |
FF&E Value (Furniture Fixtures and Equipment) included in price: | Yes |
Inventory Estimated Value: | $5000 |
Inventory Value included in price?: | Yes |
Vendor Financing Available: | Yes |
Real Estate Owned or Leased: | Real Estate Owned |
Total Monthly Rent: | $3500 |
Contact Listing Owner
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