Profitable Italian Restaurant - Over 40 Years Old

MD

Profitable Italian Restaurant - Over 40 Years Old

Asking Price:$829,000

Cash Flow:$300,000

Gross Revenue:$1,700,000

EBITDA:N/A

FF&E:N/A

Inventory:$150,000

Rate/Sq. Ft.:N/A

Established:1975

Profitable Italian Restaurant - Over 40 Years Old

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Business Description

Restaurant, Sports Bar, Catering, Home Delivery -- High End/High Volume - Location... Location... Location... -- $1.7 million gross sales - $300,000 Net -- Priced right $829,000 - less than 3 times earnings -- Large home delivery business including great pizza business - rent $15,000, bar 35%, delivery 30%, seating: 125, bar seating 85,sq ft 4500, 13 TV screens, 16 video cameras.... This is a popular Italian Restaurant with a separated busy bar sporting a host of regulars -- an active ''Dart Club''. Near DC Beltway & other major thoroughfares - Large, high income Residential area -- Low Competition -- 30 years same location -- many opportunities to expand -- owners will stay if needed. Seeing Is Believing $829,000

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Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building Sq. Ft.:
N/A
Lease Expiration:
N/A
Employees:
14
Competition:
This business is located in a very busy residential and commercial location right outside of Washington, DC. It is a known food establishment for almost 50 years with many loyal regular customers who have been patronizing this business for 30 years or more.
Growth & Expansion:
This is a very long-standing restaurant with a thriving delivery business. Simply expand the delivery business to the nearby college and corporate businesses and revenues will grow quickly.
Support & Training:
Owner will stay on with an agreed upon time frame
Reason for Selling:
Owner is retiring

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Winston Thomas, CEO

Business Listed By:
Winston Thomas, CEO

T-GLOBAL GrOUP/Beltway Business Brokerage

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