Quaint traditional Italian restaurant serving authentic cuisine

Columbus, OH (Franklin County)

Seller Financing Available
Imagine the possibilities!

Asking Price:$155,000

Cash Flow:$134,383

Gross Revenue:$554,412




Rate/Sq. Ft.:N/A


Quaint traditional Italian restaurant serving authentic cuisine

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Business Description

Increase in sales each and every year. 2016 on course for another record year and profitability with sales close to $550K! This is a real opportunity for someone interested in operating an authentic Italian restaurant preparing cooked-to-order meals. Charming decor, excellent food & drink, and friendly staff have contributed to the success of this well known business. Very high reviews from customers as it is rated in the top 10% of all 2500 restaurants in Columbus. Current owner(s) are willing and proud to assist the buyer(s) transitioning into their business. Repeat business from locals accounts for most of their traffic, although, many customers fly in from out-of-state and choose to return here for a special night out. Award winning menu items as well as all desserts are prepared with care from scratch. There are two (2) owners (husband and wife) working in the business and the cash flow shown accounts for both owners. It should be noted that the professional chef on staff is paid approximately $45,000.00 per year...so if the new owner (buyer) is also a chef then replacing that salary could be counted as an added income stream. There are other business activities currently expensed off that could be self-performed (payroll, accounting, etc.). Clean tax returns, years in business, profit margins and reputation will surely help prospective buyers obtain bank financing or possible SBA backed-loans. Don't miss out on this wonderful opportunity!

Year / Gross Sales / Cash Flow (2 owners)
2015 $ 535,684.00 $ 125,427.00
2014 $ 460,588.00 $ 106,881.00
2013 $ 426,742.00 $ 93,729.00
2012 $ 414,628.00 $ 93,311.00

Detailed Information

Included in asking price
Real Estate:
Building Sq. Ft.:
Lease Expiration:
4 PT / 3 FT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Charming quaint Italian restaurant located in a small plaza surrounded by very healthy businesses in one of the most desireable areas of Columbus. This is an Italian-owned and operated business and the decor is very similar to that of an Italian country restaurant. In-store dining, full kitchen and restrooms . Lease has been extended for 2 years with current owner and details of the lease will be provided to a qualified buyer. Ample parking. Approximately 1000 sq. feet (kitchen and dining areas) with some outdoor dining available. Approximately $40,000 of leasehold improvements have been implemented since 2007 including a new $20,000.00 hood in 2015. Equipment and building maintenance has been performed all along and equipment is in good working condition.
This business is located in one of the most desirable and prime areas in Columbus and is supported by repeat local and "not-so-local" customers. A lot of their patrons come from business traffic flying into Port Columbus International Airport. There are other restaurants in the area, however, this particular restaurant is extremely busy for it's small size and there are very few comparable eateries that offer the type of special cuisine served here.
Growth & Expansion:
NOTE: 2015 Sales and Cash Flow is up considerably. We will update the cash flow figures for 2015 soon upon receipt of an updated P&L. Gross sales and cash flow have increased steadily each year since 2007. There are several possible options to increase sales. This restaurant is only open for dinner ( 22 hours per week ), Tuesday through Saturday (Closed Sunday and Monday). Sales could be increased by: * ADVERTISING (no advertising mediums are being utilized presently) * Adding Lunch * Adding Days to be open for business * Extending Open-For-Business Hours * Adding Catering services * Adding PIZZA to the menu (traditional Italian cuisine presently being served) * Adding a liquor license (only have a WINE license)
10% of the Sold Price
Support & Training:
Owner is willing to remain on for 30 days to help buyer(s) transition into the business. There is a full-time chef on staff.
Reason for Selling:
Retiring after a lifetime in the restaurant business

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Tara Kueker

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Tara Kueker

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