Italian Restaurant

Pueblo, CO (Pueblo County)

Seller Financing Available
Italian Restaurant
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Asking Price: $50,000

Cash Flow: N/A

Gross Revenue: $240,000

EBITDA: N/A

FF&E: $75,000

Inventory: N/A

Rent: $2,399.83 /Month

Established: 2016

Italian Restaurant

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Business Description

This popular Italian Restaurant and Bar, located in Pueblo, Colorado, provides Fine Dining but with lower-budget pricing. This restaurant began operations from scratch in November of 2016 and performed well. New owners purchased the business as an investment in 2018 but found that it took too much time away from their other businesses and therefore decided to sell the business after several months. This restaurant has built an outstanding reputation in the community they serve and they serve the greatest-tasting Italian food around. They have tremendous reviews from customers on their Facebook page. Just imagine an evening dinner with your spouse or friend and you are dining to the popular Italian tunes by Frank Sinatra, The three Tenors, Dean Martin, and others as well as a host of other tunes from Italy. What a treat!! The company has substantial. They are open only six days per week and are closed on Sunday. The owners spend a relatively small amount of time at the restaurant as they have other business interests. A new owner could open on Sunday for a limited serving time and bring in several thousand dollars more in revenue per month.

This business was started from scratch by a local businessman and was sold to an investor group in early 2018. New décor including tables, chairs, and booths as well as a remodeled bar have been added to the facility. This restaurant has made a big impact in the city.

Detailed Information

Real Estate:
Leased
Building SF:
2,200
Lease Expiration:
12/31/2019
Employees:
7
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Growth & Expansion:
This is a relatively new restaurant which was formed in November of 2016. Ordinarily, it would be considered a start-up company but it has been steadily ringing in a reasonable amount of sales. Opening Sundays would create additional revenues even with a limited schedule say of 11 a.m. to 3 p.m. Lunch specials should be a big benefit as well since this restaurant is located in the middle of several office buildings including governmental buildings. If current food quality and service is maintained by a new owner, sales have nowhere to go but up.
Financing:
Cash Preferred but may consider partial owner-financing to a qualified buyer.
Support & Training:
Negotiable as required by Purchaser.
Reason for Selling:
Other business ventures have been taking more of the owners’ time.
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Contact the Seller

(from currently available funds)
 
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Larry Blevins

Business Listed By:
Larry Blevins

National Business Brokers, Ltd.

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Sponsoring Broker:
David Finsterwald

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