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Well Established Italian Restaurant & Bar - Profitable!

Alexandria, VA (Alexandria City County)

Seller Financing Available
Well Established Italian Restaurant & Bar - Profitable!

Asking Price:$300,000

Cash Flow:$137,600

Gross Revenue:$600,000

EBITDA:N/A

FF&E:N/A

Inventory:$10,000*

Lease Rate/Sq. Ft.:N/A

Established:1989

*not included in asking price.

Well Established Italian Restaurant & Bar - Profitable!

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Business Description

Yearly Awards for Cuisine Excellent & Great Customer Service!

Well-established Italian restaurant & bar for almost 3 decades! Known for excellent customer service & delicious Italian dishes. The restaurant offers casual, friendly dining atmosphere that customers truly enjoy and keep coming back as loyal customers of the establishment. Well-staffed with friendly & professional staff. Pleasant dining, good times & great cuisine. The restaurant has won many awards for a top restaurant in the region. It comes equipped with a full bar and liquor license. Don’t miss it!

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
3,000
Lease Expiration:
N/A
Employees:
12
Facilities:
A spacious 3,000 sq/ft restaurant facility that is well furnished & stocked. Facilities in great condition. Current lease expires on Dec. 31, 2017 + 5 year option to renew. Total rent: $11,065/mo including rent, CAM & RE Tax assessed on the property by the landlord.
Competition:
Prime location overlooking a very busy road.
Growth & Expansion:
Very possible by focusing more on catering opportunities with major corporations & associations surrounding the restaurant. Moreover, internet marketing should also help as the owner relies heavily on repeat customers.
Financing:
Up to 15% seller Financing @ 6% over 1 year
Support & Training:
4 weeks
Reason for Selling:
Retirement

Listing Statistics for Premium Members

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Omar Alhariri, CBI

Business Listed By:
Omar Alhariri, CBI

Global Business Brokerage, LLC.

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers.

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