Italian Restaurant/Pizza Shop w Real Estate

General Business Information

Listing ID:

4110-00223

Down Payment:

$195,000

Category:

Restaurants

Subcategory:

Italian Restaurant

Sales:

$1,064,939

Description of Business

For sale is a family Owned and Operated, local neighborhood favorite with a positive reputation (800 Google Reviews *4.4*, 447 Review on Yelp *4.7*, 89 Reviews on TripAdvisor *4.5*).
This well-crafted Italian restaurant and pizzeria has a southern hospiatlity flare, and is open for lunch and dinner; offering dine-in, takeout, and delivery. Some of the full-time employees have been there since current ownership purchased the pizzeria.
The restaurant is located off a heavily traveled road, in an area of anticipated growth, and is surrounded by many established residential developments. Snow birds frequent the location when they are in town.
The real property is also included in the sale price, and the building was built in 1985.

Listing Details

Location:

Lake County

Hours of Operation:

Tuesday - Saturday, 11:00am - 8:30pm

Years Established:

1986

Years Owned:

35

Managers:

1

Is Relocatable:

No

Is a Franchise:

No

Is Lender Pre Qualified:

Yes

Assets Included in Sale

Real Estate:

$500,000 Included

FF+E:

$150,000 Included

Inventory:

$8,250 Included

Lease Information

Expiration Date:

2022-08-31

Square Footage:

2520

Summary

Reason for Sale:

Retirement

Training and Support:

2 Weeks Training

Non Compete:

Miles: 5 Years: 3

Owner Qualifications:

Restaurant Management Experience

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

Tony Blair

Tony Blair
General Business Information

Listing ID: 4110-00223

Down Payment: $195,000

Category: Restaurants

Subcategory: Italian Restaurant

Sales: $1,064,939

Description of Business

For sale is a family Owned and Operated, local neighborhood favorite with a positive reputation (800 Google Reviews *4.4*, 447 Review on Yelp *4.7*, 89 Reviews on TripAdvisor *4.5*).
This well-crafted Italian restaurant and pizzeria has a southern hospiatlity flare, and is open for lunch and dinner; offering dine-in, takeout, and delivery. Some of the full-time employees have been there since current ownership purchased the pizzeria.
The restaurant is located off a heavily traveled road, in an area of anticipated growth, and is surrounded by many established residential developments. Snow birds frequent the location when they are in town.
The real property is also included in the sale price, and the building was built in 1985.

Listing Details

Location: Lake County

Hours of Operation: Tuesday - Saturday, 11:00am - 8:30pm

Years Established: 1986

Years Owned: 35

Managers: 1

Is Relocatable: No

Is a Franchise: No

Is Lender Pre Qualified: Yes

Assets Included in Sale

Inventory: $8,250 Included

FF+E: $150,000 Included

Real Estate: $500,000 Included

Lease Information

Expiration Date: 2022-08-31

Square Footage: 2520

Summary

Reason for Sale:

Retirement

Training and Support:

2 Weeks Training

Non Compete: Miles: 5 Years: 3

Owner Qualifications:

Restaurant Management Experience