Italian Kitchen for Sale – Freestanding Marietta Barrett Pkwy

Marietta, GA (Cobb County)

Seller Financing Available
Italian Kitchen for Sale – Freestanding Marietta Barrett Pkwy
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Asking Price: $225,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $8,800 /Month

Established: 2012

Italian Kitchen for Sale – Freestanding Marietta Barrett Pkwy

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Business Description

Vincent’s Italian Kitchen for Sale – Freestanding Marietta Barrett Parkway Location – Profitable – Solid Staff – Keep or Convert to any Concept

(This is an Open and Operating Business. Please be respectful and do not make any attempt to contact or speak to Staff, Management, Landlord and or Ownership. Documentation and Inspections will be provided upon request)

For sale is a casual Italian restaurant, bar, and pizzeria.
Freestanding 4,620/SF with ample parking.
NOTE: ask business broker for exact monthly rent amount.

Seating for over 220 plus a 15-seat bar and outdoor seating of over 22.
High traffic, high density, middle to a high-income area with great visibility.

Very large kitchen can pump out any volume. Fully equipped turnkey with a kitchen that has three walk-in boxes, double deck pizza oven and every piece of equipment needed to cook any cuisine.

5-terminal POS system controls all costs and sales.

The previous Owner pulled out $400,000 in 2012 after paying all expenses and a full staff including two managers and kitchen team on sales of $1,800,00.

Every year leading up to sale had seen business increases with sales for 2013 are up 12% with net profit closing in for a $500,000. Vincents sold for almost a million dollars on January 31, 2014, because of how successful hands-on Owner Operator was in the building Business.

Last 3-Years Sales and Profit including 2018:
Available upon request. Books are clean and solid.

Recent Leasehold Improvements:
New 4-ton HVAC Unit $10,423
2018 New 100-ton Boiler $11,474
2018 New Exterior Sign $ 4,450
2018 New Grease Trap $23,935
2017 New Rooftop HVAC Unit $ 6,100
2017 Plumbing Restoration 2016 $2,166

Original Owner retired and sold to a Regional Restaurant Group who is selling to focus on different brands.

Full staff including 4-Managers sale makes for a flawless transition.
A strong team in place will help with a flawless transition.

Landlord to negotiate a new long term lease with Options.

Keep Italian with all recipes, trademarks, name and all F.F. & E are included in the sale.

Hands-Owner Operator could dramatically increase business as the market has only exploded.

Some seller financing.

Detailed Information

Real Estate:
Leased
Building SF:
4,620
Lease Expiration:
N/A
Facilities:
Freestanding 4,620/SF with ample parking. Seating for over 220 plus a 15-seat bar and outdoor seating of over 22. High traffic, high density, middle to a high-income area with great visibility. Very large kitchen can pump out any volume. Fully equipped turnkey with a kitchen that has three walk-in boxes, double deck pizza oven and every piece of equipment needed to cook any cuisine. 5-terminal POS system controls all costs and sales.
Competition:
Please ask business broker for details.
Growth & Expansion:
Please ask business broker for details.
Financing:
Some
Support & Training:
Please ask business broker for details.
Reason for Selling:
Other business interests.
Contact Seller

Business Location


Contact the Seller

(from currently available funds)
 
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Steven Josovitz

Business Listed By:
Steven L. Josovitz

Shumacher Restaurant Brokers

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Memberships & Certifications:
Indicates membership in The Georgia Association of Business Brokers (GABB).

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