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Popular Italian Restaurant Since 1964

Worcester, MA

Seller Financing Available

excellent menu
Asking Price:$295,000
Established Year:1964
Gross Revenue:$1,600,000
Listing ID: 2316696Listing provided by BizBuySell
BUSINESS DESCRIPTION

SELLING PRICE: $295K DOWN PAYMENT: $100,000

SALES VOLUME: $25K - $30K/wk. …consistently

LEASE: $6,500/mo. (includes NNN) Years left: 3 yrs.+ 5+ 5

SQUARE FOOTAGE: 6,000 sf. (huge kitchen with excellent equipment)…SPRINKLED

HOURS OF OPERATION: 7 days, 11 – 9 pm (great staff will stay on)

SEATING: 175 inside 50 outside patio

REASON FOR SELLING: retiring

COMMENTS: ‘BYOB’… full liquor license is available. Customers come from EVERYWHERE for their ‘tripe’ and stuffed ‘everything’. No competition in the area. Located on a very busy main road near MASS PIKE exit makes it easy to get to. This restaurant is beautiful! Unbelievable website and online presence. This business has been in the same place making money since 1964. Owner is retiring. This one is a must see!!

If you have the experience and the money, I guarantee that when you see this gem

ATTACHED DOCUMENTS
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DETAILED INFORMATION
Location
Relocatable
Inventory
Not Included in asking price
Employees
15
Facilities
This facility is beautiful. Has everything you would need for continued success with your experience.
Competition
No coemption in the area at all..
Growth & Expansion
Sky is the limit with new blood. Current owner has been there and successful for 40 years
Financing
$100,000 down. Owner will finance the balance for 6%
Support & Training
Full training if needed to maintain the current customer base. and continue with the successful menu that's in place now. Train to maintain cash flow...
Reason for Selling
retiring
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Dennis
Serpone
NATIONAL RESTAURANT EXCHANGE
Phone Number
Dennis Serpone
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