Retail - Restaurants | Retail - Other Eating & Drinking Places

Asking Price	$498,000	Inventory	$5,500*
Gross Income	$331,000	Real Estate	$295,000*
Cash Flow	$67,000	Year Established	1976
FF&E	$62,000*	Employees	10

* included in the asking price

** not included in the asking price

This full service restaurant offers its patrons a varied selection of reasonably priced Italian and seafood entrees. The atmosphere is casual and is augmented by friendly attentive service. The restaurant maintains a small service bar, serving beer and wine. The restaurant currently operates five days per week, from Wednesday through Sunday, serving dinner only.

Facilities: The property consists of a 2,600 square foot building with seating for approximately 75 patrons. There is also an attached outdoor deck with seasonal seating for an additional 30 patrons. Parking is ample and well lighted.

Competition: Most of the major competition is from three other local eateries. All have a somewhat similar clientele, but a more casual environment and no outside seating.

Growth/Expansion: This restaurant is not being utilized anywhere near its full potential. Opening seven days a week and providing on and off premises catering could substantially increase revenue. In addition, the business is closed twelve weeks per year to accommodate the owner's vacation schedule. Eliminating some of this vacation time would go far to increase business.

Financing: Seller will consider some limited financing for qualified buyers.

Support/Training: The seller will stay on for a mutually agreeable, reasonable period of time to assist a new owner's successful transfer into the business.

Reason Selling: : After 32 years of successful operation, the owner is planning to retire.