Price Reduced 2X! Established Fine Dining Italian Restaurant for Sale

Summit County, OH

Price Reduced 2X!  Established Fine Dining Italian Restaurant for Sale
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Asking Price: $230,000

Cash Flow: $165,864

Gross Revenue: $489,000

EBITDA: N/A

FF&E: $34,000

Inventory: $8,000

Rent: $1,500 /Month

Established: 2003

Price Reduced 2X! Established Fine Dining Italian Restaurant for Sale

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Business Description

This Fine Dining Italian restaurant founded in 2003 offers a cozy and intimate dining experience. Exceptionally delicious, made to order, authentic southern Italian cuisine has earned this restaurant a loyal clientele. Over the years, this business has enjoyed being the focus of many articles and accolades! Enjoy dinner in the quaint dining room, or a drink at the bar with a kitchen view and seating for four. The business enjoys consistent and increasing revenue without ever using any form of advertising! Outstanding high traffic location with easy freeway access, near shopping and major attractions. The restaurant is open six days a week offering lunch, dinner, private parties and catering. Included in the sale are recipes which are considered family treasures, and all furniture, fixtures, equipment, inventory and D1, D2, D3 & D6 liquor licenses. Owner is MOTIVATED and will consider all offers!!!

Detailed Information

Location:
Summit County, OH
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,355
Lease Expiration:
N/A
Employees:
7
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The restaurant is one of three businesses and private offices in a very small strip center, with ample parking, near a major intersection. The space consists of 1,355 Sq. Ft. plus an additional 1,400 Sq. Ft. for storage. There are 16 tables with seating up to 50 people and additional seating for 4 at the bar. Lease is month to month.
Competition:
There are several restaurants in this heavily populated area.
Growth & Expansion:
Restaurant is currently at full capacity, however there is vacant space available in the building if a new owner would like to expand the catering business or host larger parties.
Support & Training:
Owner is willing to provide up to 2 weeks of training at no charge to ensure a smooth transition. Owner is also willing to stay as a part time employee if desired.
Reason for Selling:
Owner would like to retire or work less hours to spend more time with family.
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Tiffany Kert

Business Listed By:
Tiffany Kert

TD Business Transaction Advisors

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Memberships & Certifications:
Indicates membership in the Ohio Business Brokers Association (OBBA).


Sponsoring Broker:
Darrin Kert

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