Italian Ristorante - Fabulous!

Worcester County, MA

Seller Financing Available
Italian Ristorante - Fabulous!

Asking Price:$279,900

Cash Flow:$150,000

Gross Revenue:$800,000




Rate/Sq. Ft.:$7.60


Italian Ristorante - Fabulous!

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Business Description

This Italian restaurant has roots in Worcester dating back decades. Health issues of the owner caused us to sell the original location while our client relaxed and recuperated. The original restaurant continues to flourish under a different name.

Recognizing a need for a quality restaurant in their current town, our client resurrected the original name, spent over $300,000 in new equipment, top of line furniture and gorgeous high end finishes including marble and terrazzo floors, expensive lighting, huge wait staff area and a modern kitchen any chef will be proud to work in. Even the bathrooms are built from the finest building materials.

This broker is very high on the restaurant because we eat there all the time and always get great food, in a super clean atmosphere, superior service and reasonable pricing. If you want to buy the best, this one is for you!

Detailed Information

Included in asking price
Real Estate:
Building Sq. Ft.:
Lease Expiration:
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
4,500 sq. ft. absolutely beautiful restaurant build out. High end furniture, fixtures and top of the line equipment. Super rent at only $2,850 per month. All marble floors. Beautiful bar. Function room that is used as overflow for diners on Thurs, Fri. & Sat. Ample private parking lot. Outdoor patio seating for 20+ during good weather.
Only show in town other than fast food. The popularity of this Italian restaurant is in part due to their being almost no other sit down restaurants in the area. Combine that with fresh ingredients ordered 4 times a week to insure freshness, a mid-priced menu and terrific recipes and you have the secret to success.
Growth & Expansion:
We have never seen any advertising for this restaurant. Indeed, they spend less than $1,000 per year. Promotion of menu items on slower days could increase sales along with more functions and take out which the current owners do not promote.
Flexible financing options available to qualified buyers
Support & Training:
This family operation is proud of their succes and will stay to do whatever it take to insure the buyer's continued success.
Reason for Selling:

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Karen Kelley

Business Listed By:
Karen Kelley

George & Company/CentralBrokers

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Sponsoring Broker:
Christopher R. George, CBOA

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