Retail - Restaurants | Retail - Other Eating & Drinking Places

$Seller Financing Available

Asking Price	$195,000	Inventory	$5000**
Gross Income	$415,165	Real Estate
Cash Flow	$70,426	Year Established	2007
FF&E	$25,000*	Employees	5 & 2 partners

* included in the asking price

** not included in the asking price

Here is a solid little Italian restaurant business for sale that makes sense for a savvy restaurateur or chef who wants to make a decent living from a well conceived operation. It has a good neighborhood location near downtown in a wonderful small mountain city that people love to go to retire. The current concept is working well and you can walk right in and make money without changing a thing or add your own creative inspiration to take the business to the next level. Cash flow for 2008 from tax returns excludes salary to one partner, so add another $21K family income for a husband/wife team. Business has clean books with detailed accountant prepared financials available for due diligence. Contact Broker for details.

Facilities: Approximately 1938 square feet space on major thoroughfare near downtown Hendersonville. One partner owns property and offers 3 year triple net lease at $2500 per month. Premium quality equipment like Southbend ranges, Blodgett Pizza Oven, Hobart 60 Qt Mixer, etc. will convey. Natural light in the kitchen. The layout is ideal for a chef owner or husband-wife team to manage the operation efficiently with a small staff. Sixty-six seats inside with outdoor dining for 10. Currently has full liquor licenses and a small bar.

Competition: Relatively few Italian restaurants in the area offer a variety of Italian fare in addition to pizza. The high traffic location has housed restaurants for decades and is in a very viable location with ample parking, good visibility and accessibility - and the population density vital to a successful neighborhood restaurant.

Growth/Expansion: Current owners have limited advertising relying primarily on word of mouth, limited hours could be expanded if desired, and catering business could be built up._2008 was the first full calendar year of operation, maintaining great reputation will allow continued growth.

Seller Financing Available: Yes

Financing: Up to 50% for 3-5 yr 8% balloon, amortized 10 yr for qualified buyer

Support/Training: Sellers will work with new owner up to thirty days for training if desired

Reason Selling: Partner s health issues force retirement