Italian Restaurant with Beer & Wine.
Asking Price: | $225,000 |
Gross Revenue: | $426,521 |
Cash Flow: | $62,585 |
Inventory: | $5,000 |
Italian Restaurant with Beer & Wine. This is an established & turn-key with cozy ambience, creating a warm and inviting environment. Whether it is a romantic dinner or family gathering, the warm hospitality makes every visit special that keep customers coming back. The restaurant is known for its authentic Italian dishes, gourmet specialty Pizza. Restaurant's long-standing presence of 14 years in the community has helped it build a solid reputation, creating a loyal and growing customer base with 5 STAR ratings at YELP.COM. It is 1,200 sq.ft with 40 seating and equipped with 14 feet long Hood, Walk-In Cooler and a LOW RENT of only $2,711 plus $1,070 CAM. This is a fantastic opportunity to own a well-established, highly regarded Italian restaurant nestled in the beach community of Huntington Beach surrounded by a large population and strong demographics. A Chef Buyer can save approx. $70k by replacing the existing Chef. Currently restaurant is open for dinner only for 5 days (less than 18 hours per week), additional room to grow by extending operating hours, particularly to open during Lunch, weekends, and holidays, which could drive even more sales and cater to an even larger customer base to further increase the revenue. The existing SBA (EIDL) Loan of approx. $100,000 maybe transferable to a qualified buyer with only $488 monthly payment and buyer can put down-payment of only additional $125,000 to purchase the business. Do not wait, Make offer.
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