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Italian Eatery-Established for 30 years

Etlan, VA (Madison County)

Seller Financing Available
Italian Eatery-Established for 30 years
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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

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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

Etlan, VA
Real Estate:
Building SF:
Lease Expiration:
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
3000 square foot free standing building
Growth & Expansion:
Open more days per year. Offer a breakfast menu. Currently takes off 3 weeks per year and closes one day per week.
possible partial
Support & Training:
Owner will assist in a smooth transition
Reason for Selling:
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Tom Lutes

Business Listed By:
Tom Lutes

E-Biz Brokerage

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