Italian Restaurant with Loyal Customer Base

Greene County, NC

Seller Financing Available
Italian Restaurant with Loyal Customer Base
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Asking Price: $397,500

Cash Flow: $183,948

Gross Revenue: $547,599

EBITDA: N/A

FF&E: $60,000

Inventory: $12,000

Rent: $3,000 /Month

Established: 2014

Italian Restaurant with Loyal Customer Base

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Business Description

Profitable Restaurant with Increase Revenues Annually

This authentic Italian restaurant is a gem! Located in a smaller Eastern North Carolina town, it has a very loyal customer base and is the only Italian restaurant in this community. This hot spot has experienced an increase in sales every year since it first opened five years ago. The menu offers a variety of popular dining options with delivery, along with a wide variety of beverage options.

Detailed Information

Location:
Greene County, NC
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,500
Lease Expiration:
N/A
Employees:
9
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Owner purchased this free-standing building in a high traffic location in 2014 and then performed extensive renovations prior to opening. Extra freezer and a storage area are located on the exterior of the building, with ample parking spaces for customers. Over the last 5 years, sales have steadily increased, with this business being an anchor restaurant in this small community. This free-standing building is located at a prominent location, with high visibility off of the main road. Ample parking exists for both customers and employees.
Competition:
This restaurant is the only Italian restaurant in this community.
Growth & Expansion:
Sales have increased every year since this restaurant has been established, with growth due primarily through word of mouth and with minimal advertising.
Financing:
198750.00
Support & Training:
2 weeks
Reason for Selling:
relocating
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Tony Khoury

Business Listed By:
Tony Khoury

Transworld Business Advisors of Northeast NC

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