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Italian restaurant

Brunswick County, NC

Italian restaurant
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Asking Price: $559,500

Cash Flow: $186,000

Gross Revenue: $1,200,000

EBITDA: N/A

FF&E: $182,000

Inventory: $7,000

Rent: $7,000 /Month

Established: 2004

Italian restaurant

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Business Description

Fine dining, well established profitable Italian restaurant for sale located in a fast growing area of Southeastern North Carolina. Having been in the same location for 14 years, this family owned restaurant has been successful due to a solid reputation for quality food with a constant value, outstanding service and a friendly staff. This company's strong loyal local customer base along with the tremendous tourist business helps to make this restaurant so popular at this North Carolina location.
The menu consists of wonderful Italian flavors including pasta, seafood, chicken, veal, pizza, heroes/subs, Stromboli,soup/salads, appetizers, desserts and beverages of mixed drinks, beer, wine,soft drinks and iced tea. A large variety of menu items including hand tossed NY style pizza are available for take out daily.
Catering is also available on and off premises.

Detailed Information

Location:
Brunswick County, NC
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
4,200
Lease Expiration:
2/5/2024
Employees:
23
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This 4200 square foot Italian restaurant has a large eat in dining area along with a bar and seating area with an attached to go area. The entire area is leased for $7000 a month with a lease until 2024 in place. Located on a very busy highway in a very popular NC coastal community.
Competition:
No other Italian restaurants of in the area with this kind of menu items
Growth & Expansion:
Possibly adding additional hours of operation could increase sales and profits.
Support & Training:
Owner will assist buyer in transition.
Reason for Selling:
Owners want to retire
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Ernie Grooms

Business Listed By:
Ernie Grooms

Sunbelt Business Advisors

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