Italian Restaurant For Sale In Savannah!

Savannah, GA (Chatham County)

Italian Restaurant For Sale In Savannah!
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Asking Price: $349,000

Cash Flow: $55,000

Gross Revenue: $277,000

EBITDA: N/A

FF&E: $75,000

Inventory: $2,000

Rent: $4,500 /Month

Established: 2015

Italian Restaurant For Sale In Savannah!

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Business Description

Restaurant with the largest kitchen in Savannah

For as little as 34k you could own this big restaurant including huge storage area, a huge walk-in freezer, and of course, the largest kitchen in Savannah… All in the beautiful historic district.

Making, 277k a year, there is no reason to think that you couldn’t get your down payment back in less than one year by just maintaining the business as is. This would be a great addition to adding another restaurant or if you are tired of working for the other person! Own your on successful restaurant!

This restaurant has been around and profitable for more than 20 years! A new owner would enjoy an established, large, and regular customer base. Being in Savannah’s historic district, this business benefits greatly from the millions of annual tourists looking for that local Savannah meal. The land lord is local and easy to get along with.

It’s now an Italian restaurant, but with the largest kitchen in Savannah, it could be any food service restaurant you wanted to turn it into. Because of its location, smack dab in between a tour company and entertainment facility. There is no reason to believe any restaurant wouldn’t be a success here. Oh, and unlike the rest of its competition, they have PARKING!

• Excellent growth potential with SCAD students
• Beautiful, centralized location
• A grand kitchen perfect for caterers
• Stellar reviews with perfect ratings across Trip Advisor, Google, Yelp, and Facebook.

The current owner is selling because of a desire to retire. Additionally, the current owner will provide training, and is willing to sign a non-compete agreement.

If interested please contact Jacob Jones at Transworld Business Advisors of Savannah, o: 912-721-8808 or email: jjones@tworld.com.

Detailed Information

Location:
Savannah, GA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
3,600
Lease Expiration:
N/A
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
How does working in the world-renown town of historic Savannah sound? Founded in the late eighties, and established by the owner at its current location in 2015, this restaurant features a casual experience and has room to grow. This business is a turn-key investment that includes: an established reputation for delicious food; a convenient location; and the opportunity for potential growth. More importantly, this location has excellent reviews that will make any restaurant jealous. What does this mean? Buyers will be a purchasing a top restaurant, not only in genre and integrity, but in Savannah! The current owner is selling and has a desire to retire. Additionally, the current owner will provide training, and is willing to sign a non-compete commitment.
Competition:
Italian restaurants are plentiful in the Savannah area, but for direct competitors, there are very few. With their fresh ingredients and wholesome procedure, this restaurant sets itself apart from many of the so-called ‘italian’ restaurants. No this is ‘Italian.’ More popular restaurants may come to mind, but those restaurants do not have the stellar reviews and they also cost twice as much for that lower quality food they offer.
Growth & Expansion:
By nearly every measure, the 2017 outlook for Georgia’s economy is very good. The pace of GDP and personal income growth will both accelerate. Jobs will be plentiful and very well balanced, with gains in both goods-producing and service-providing industries. Existing home prices will rise to all-time highs. And, for the fifth-straight year, the state’s economy will grow faster than the nation’s. Georgia’s GDP is estimated to grow by 3.2 percent in 2017. That’s higher than the 2.6 percent growth estimated for 2016 and the 2.5 percent growth estimated for U.S. GDP in 2017. The state’s personal income will rise by 5.0 percent. Employment will rise by 2.1 percent, which exceeds the 1.5 percent gain estimated for the U.S., and unemployment will average 4.8 percent. That’s below what’s considered full employment, which is 5 percent. The last time we were at full employment was in 2007. Georgia is the 8th most populous state and 14 of Georgia’s counties ranked among the nation’s fastest growing.
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Jacob Jones

Business Listed By:
Jacob Jones

Transworld Business Advisors of Savannah

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