Authentic Italian Restaurant

Price: $350,000

Location: Lake County

Industry: Full-Service Restaurants

Listing ID: 4110-00216

Listing Status: New

Description

STOP AND LOOK!
Earn $216k+ per year, put $47,000 down on this Authentic Italian Restaurant and get $50,000 back at closing for working capital for qualified buyer.
For 35 years locals have been enjoying a delicious full menu of fantastic old-style Italian cooking made with the freshest ingredients, served in a quaint atmosphere with great decor and friendly service. This staple of the community is located in a large shopping plaza in a high traffic area of North Lake County offering dine-in, take out and catering services; wine, draft, and bottled beer, both foreign and domestic with reasonable prices. Online ordering is also available. Numbers are up 12% for the first half of 2021
SBA LENDER PRE-QUALIFIED.
NUMBERS FROM TAX RETURNS.

LISTING DETAILS

Down Payment: $47,000

Total Sales: $712,516

Cash Flow: $216,587

Accounts Receivable: N/A

Accounts Receivable Included: No

FFE: $40,000

FFE Included: Yes

Inventory: $5,000

Inventory Included: Yes

Operation

Year Established: 2014

Days & Hours of Operation: Tues-Sat 11am-10pm closed Mondays

Owner Hours Per Week: 50

Lender Pre-Qualified: Yes

Employees: 11

Managers: 0

Absentee Owner: No

Location

Real Estate: N/A

Real Estate Included: No

Monthly Rent: $3,900

Type of Location: Strip Mall

Square Footage: 2250

Franchise: No

Relocatable: No

Summary

Reason For Sale:

Ask Seller

Training & Support:

2 Weeks Training

For more information on this listing, please complete our Non-Disclosure Agreement
LISTING BROKER

James Parker

James Parker