Italian Eatery-Established for 30 years

Etlan, VA (Madison County)

Seller Financing Available
Italian Eatery-Established for 30 years
Contact Seller

Asking Price: $235,000

Cash Flow: N/A

Gross Revenue: $410,000

EBITDA: $98,000

FF&E: $30,000

Inventory: N/A

Rent: $3,000 /Month

Established: 1989

Italian Eatery-Established for 30 years

Save Print Share Valuation Report

Business Description

The Business: • The business is a regional Italian Eatery located on the busy highway 29 between Washington DC and Charlottesville. • The business serves a variety of Italian foods including a very popular pizza. • The business has been established for over 30 years in the area. • The business has been owned by the current owners for over 20 years. • This business is a local institution for fine dining. • The restaurant has a beer and wine license that comes with the purchase. • The restaurant’s annual sales revenue exceeds $400,000 annually.

The Transaction: • The Buyer has the opportunity to purchase the assets of the company and the existing customer base and brand. • The total asking price is $235,000 with possible partial owner financing available. • The purchase includes all FF@E and a 10 year lease at a very reasonable $3,000 per month lease rate. • The owner has reached retirement age and wishes to sell the business • The owner is willing to assist in a smooth transition including all training required.

Detailed Information

Location:
Etlan, VA
Real Estate:
Leased
Building SF:
2,800
Lease Expiration:
N/A
Employees:
7
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
3000 square foot free standing building
Competition:
Minimal
Growth & Expansion:
Open more days per year. Offer a breakfast menu. Currently takes off 3 weeks per year and closes one day per week.
Financing:
possible partial
Support & Training:
Owner will assist in a smooth transition
Reason for Selling:
retirement
Contact Seller

Contact the Seller

Contact Seller Loading

Tom Lutes

Business Listed By:
Tom Lutes

E-Biz Brokerage

Show Phone Number

View My Listings

Listing Statistics

Saved This Listing:
Unlock
Days Active On Site:
Unlock
Appeared in Search:
Unlock
Listing Detail Views:
Unlock


Ad#:1631054 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings


Daphne's

Franchise Opportunity
Capital Required: $282,500