Iconic Italian Restaurant for Sale in Andrews, NC - Profitable and Tur

Andrews, NC (Cherokee County)

Iconic Italian Restaurant for Sale in Andrews, NC - Profitable and Tur
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Asking Price: $139,900

Cash Flow: $50,739

Gross Revenue: $372,910

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $1,740 /Month

Established: 2017

Iconic Italian Restaurant for Sale in Andrews, NC - Profitable and Tur

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Business Description

Lucrative Italian Restaurant for Sale with over $370,000 in Sales Annually Allows the Owner to Take home over $50,000 - Priced to Move, this Will Not Stay on the Market Long
This Italian Restaurant for sale has it all. There are plenty of tables and booths on the quaint inside but then there are two beautiful outside seating areas. One seating area is covered and complete with traditional red and white checkered tablecloths. The second seating area has small bar-type tables and a small stage for the entertainment.
You're going to love everything about this Italian restaurant for sale nestled in the mountains of western North Carolina. Well-established and profitable, this restaurant, offered for sale by We Sell Restaurants, grossed over $370,000.00 last year with an owner benefit of over $50,000.00.
The town could not be more charming. But don't be fooled. The tourist population comes from all over the world to visit the beautiful Smokey Mountains and the rich history in the area. Many return year after year to enjoy this amazing area. So this is definitely a gathering spot for both locals and tourist alike.
The retailers in the area are what you would expect of the pleasantly attractive small town; banks, the hardware store, the local garage mechanics and local service providers but then there are the national chains too. You've also got unlimited marketing opportunities that the former owner didn't take advantage of, which would allow you to increase your catering and delivery portion of the business and double your revenue for next year!
The fully-equipped kitchen includes a hood, six burner stove and oven, convection oven, turbo oven, two deck pizza oven, 24-inch flat top, five refrigerators, and two freezers, fryer and many more miscellaneous items. This totally turn-key Italian Restaurant for Sale includes all dishes, silverware, pots and pans and all the tables and chairs - inside and outside. There is even a piano in the restaurant. Yes, you can move right in and start making money. A beer and wine license is perfect for an Italian restaurant and means opportunities for additional sales.
The current owner wants to retire and relocate closer to his family. This gives you an amazing opportunity to own a beautiful and profitable Italian Restaurant for Sale. You can manage your own destiny! Don't waste time with build-outs and permits and start off in debt - Take over this profitable business and start off in the black not in the red!

Detailed Information

Location:
Andrews, NC
Real Estate:
Leased
Building SF:
2,900
Lease Expiration:
1/1/2021
Employees:
8
Facilities:
Turbo Oven 2 Deck pizza oven 24 inch flat top fryer press 2 single door refrigerator 1 triple door refrigerator 1 single door freezer 12 stainless steel prep tables overhead heat lamp and dish shelf 3 full size pans steam table unit produce wash sink 2 air dry racks for dishes 2 hand sinks all chairs tables and booths in and out bar piano display dessert cooler interior decor beer beverage cooler kitchen dessert cooler 3 paper goods racks 3 picnic tables in garden all pots and pans all dishes and silverware catering equipment 6 burner stove and oven Convection oven Dishwasher 2 door cooler 2 door freezer hood
Competition:
No other Italian restaurants in the area Small town only 2 full time restaurants nicest location in town w garden dining outside stage covered patio dining
Growth & Expansion:
Opportunity to market to tourist at area locations Surrounded by mountains we deliver only restaurant that does in town nice customer base
Financing:
With a 5 year option on lease
Support & Training:
Owner will train up to three months.
Reason for Selling:
Relocation
Business Website:
http://www.wesellrestaurants.com
Contact Seller

Contact the Seller

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Robin Gagnon

Business Listed By:
Robin Gagnon

We Sell Restaurants

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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. Indicates membership in The Georgia Association of Business Brokers (GABB).


Sponsoring Broker:
Eric Gagnon

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