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Five Star Italian Restaurant

Greensboro, GA (Greene County)

Five Star Italian Restaurant
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Asking Price: $350,000

Cash Flow: N/A

Gross Revenue: $1,400,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $5,800 /Month

Established: 2009

Five Star Italian Restaurant

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Business Description

General Info
- Upscale demographic
-Open for 10 Years
-24 Employees
-Owner spent over $240,000 renovating the space in 2018
-Restaurant sits 150 people
-Bar has 22 bar stools
-Excellent location (area is growing 200% year over year)
-Turnkey operation (already profitable)
-Hours of operation (Mon-Sat from 5-10PM)

Transition
-Owner is willing to help in any way during transition

The owner does own the property and is willing to sell the business property and building for 1.5 million

Inventory in just wine is $70,000, other inventory will change daily and be addressed at closing.

Detailed Information

Location:
Greensboro, GA
Real Estate:
Leased
Building SF:
6,000
Lease Expiration:
N/A
Employees:
24
Facilities:
Large facility, full kitchen with stone ovens. Everything in place.
Competition:
Not much competition at high end. Ritz Carlton in the area. The only upscale authentic Italian Restaurant in Lake Oconee -Award winning chef from Louisiana -Just applied for award winning wine list (should be recognized in 2020) -Owner has 280 labels and $65,000 in inventory -Service is comparable to Ritz Carlton
Growth & Expansion:
-Open for lunch hours will add revenue -Add more seating in bar area -Enhance marketing efforts (owner currently spends $0 on Marketing) -Expand Catering business (This year they did 12 weddings, 1 rehearsal dinner, 4 funerals)
Support & Training:
As Needed.
Reason for Selling:
Moving to a different area.
Contact Seller

Contact the Seller

(from currently available funds)
 
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Will King

Business Listed By:
Will King

Gary Martin & Assoc LLC, Business Sales Atlanta Office

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Sponsoring Broker:
Gary Martin

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