72574-RF Well Established Italian Greek Restaurant for Sale With RE

Petersburg, VA (Petersburg City County)

72574-RF Well Established Italian Greek Restaurant for Sale With RE

Asking Price:$625,000

Cash Flow:$80,000

Gross Revenue:$363,186

EBITDA:N/A

FF&E:$125,000

Inventory:$2,000

Real Estate:N/A

Established:1975

72574-RF Well Established Italian Greek Restaurant for Sale With RE

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Business Description

Profitable! Expandable! Established! Growth Potential!

Locally owned and operated restaurant business with upscale dining and service offering authentic Italian, Greek and American food. The restaurant is cozy, comfortable, clean with unusual ceiling decor, exceptional food and service.
Offering appetizers, salads, pasta, pizza, steak, seafood, daily specials, desserts and much more .
Catering for private parties, local businesses, holidays and special occasions. Very limited delivery service available for established clients and businesses in the area, substantial opportunity to expand service for future growth.
Real estate assessed at $450,000 included in price, consists of restaurant facility and second free standing building with 2 tenants located in back of property. Land behind free standing building available for development.
Free standing building and telecommunication equipment located on property generating $2,000 monthly income to owner.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Building SF:
5,000
Employees:
15
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Restaurant is a stand alone building of 4,000 square feet located on a very busy road. This business was established by the owner in 1975 who has successfully operated the restaurant for 42 years with dedicated kitchen and wait staff. The hours of operation are Mon-Sat 10am-10pm and Sun 12pm-10pm.
Competition:
Several casual and fast food restaurants in the vicinity.
Growth & Expansion:
Grow sales by increasing online and traditional advertising, expanding menu offering and hours of service.
Support & Training:
4 weeks
Reason for Selling:
relocating

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Transworld Business Advisors CEO, Rupesh Bharad

Business Listed By:
Rupesh Bharad

Transworld Business Advisors of Richmond VA

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