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Authentic Italian Restaurant

Salt Lake County, UT

Seller Financing Available
Restaurant for sale Colliers M&A
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Asking Price: $399,000

Cash Flow: $151,050

Gross Revenue: $774,998

EBITDA: N/A

FF&E: $60,000

Inventory: $6,000

Rent: $6,088 /Month

Established: 1997

Authentic Italian Restaurant

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Business Description

This Italian restaurant has been a Salt Lake valley favorite for 20 years and is located in a busy retail neighborhood with great visibility to a major thoroughfare. It has an outstanding reputation for innovative, authentic home-style cuisine and outstanding service. Over 80% of their business is with repeat customers and they are very family friendly. They enjoy a 4.5-star rating. They have a full restaurant liquor license -- the new owner would need to apply with the UDABC to transfer the license.
The décor has an authentic Italian ambiance and feel. The dining room seats 215 inside and there is room for up to 150 on the outside patio. They can easily handle large dinner groups and have private rooms for special occasions.

This a great opportunity for the right buyer to own this well-respected, well run restaurant. There is room to grow by increasing social media exposure and marketing to increase the catering opportunities. Seller may consider some financing for a highly qualified buyer.

Detailed Information

Location:
Salt Lake County, UT
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
6,800
Lease Expiration:
N/A
Employees:
21
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
approx. 6,800 sf on busy thoroughfare
Financing:
Seller may consider some financing for a highly qualified buyer.
Support & Training:
negotiable
Reason for Selling:
health issues
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(from currently available funds)
 
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Colliers International Mergers & Acquisitions

Business Listed By:
Elizabeth Bellit

Colliers International Mergers & Acquisitions

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