Italian Restaurant. Full Bar. Upscale

Santa Clara County, CA

Italian Restaurant. Full Bar. Upscale
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Asking Price: Get Financing: $275,000

Cash Flow: $107,040

Gross Revenue: $902,228

EBITDA: N/A

FF&E: N/A

Inventory: $15,000*

Lease Rate: $10,000 /Month

Established: 1998

*not included in asking price.

Italian Restaurant. Full Bar. Upscale

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Business Description

Established over 20 years. Beautiful interior Italian decor and ambiance. Strong and consistent sales. Clean tax returns showing full amount of profits.
The current owner is ready to retire. There are a lot of ways for an experienced restaurant person to increase the business, since it has been running the say way the past 20 years. They need to update their marketing, which is almost non-existent to begin with. Also, they don't do any catering.

Its a classic style Italian restaurant that doesnt try to compete with all of the modern trendy Italian restaurants that keep popping up.

The restaurant has about 75 seats inside and some outdoor patio seating.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
2,100
Lease Expiration:
8/1/2028
Employees:
12
Facilities:
Seats approximately 75 people inside plus outside patio seating.
Competition:
A very solid customer base who enjoy the traditional Italian style and upscale decor.
Growth & Expansion:
The owner is at retirement age and has not updated the marketing tactics that most restaurants have. They spend almost nothing on advertising. They also don't do any catering. Lots of potential.
Financing:
$200,000 SBA loan available
Support & Training:
Full time-as much as needed included in the price.
Reason for Selling:
retirement
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Todd Moore

Business Listed By:
Todd Moore

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