Profitable, Established Italian & Pizza Restaurant

IA

Seller Financing Available
Profitable, Established Italian & Pizza Restaurant
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Asking Price: Get Financing: $579,000

Cash Flow: $339,347

Gross Revenue: $993,098

EBITDA: N/A

FF&E: $75,431

Inventory: $2,000*

Real Estate: $200,000*

Established: 1985

*not included in asking price.

Profitable, Established Italian & Pizza Restaurant

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Business Description

Rare opportunity to purchase a highly profitable and well-established, authentic pizzeria and Italian restaurant.

Acclaimed as best in the area and one of the top in Iowa, this business serves tasty pasta with scrumptious sauces, wonderful pizza and steaks. The business uses wholesome ingredients and locally-sourced foods for proprietary sauce and other recipes.

The company utilizes proven efficient and effective best practices operating and organizational processes. In addition to fine dining experience, the business strategy involves delivery, carry-out and some event catering.

With strong revenues, the company enjoys great margins and low overhead. This business has afforded attractive owners discretionary cash flow. Add-backs are verifiable.

This regionally popular dining establishment is recognized for high quality food and service with enviable reviews and high ratings on TripAdvisor, Yelp, Urbanspoon, Zomato, Facebook and Google. This brand has a great website. The business also uses effective local advertising.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
2,800
Employees:
3 FT/14 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business is located in a thriving, walkable downtown within in a highly improved facility well-suited for this operation. In an appealing, growing community, the business is centrally located among loyal clientele. The charming setting enjoys nearby tourist attractions plus a robust economy. The building, roof, electrical, HVAC, equipment and dining area have recently been updated. There is a large, well-maintained and well-equipped kitchen with abundant storage. Comfortable seating for 90 plus exists in the present configuration. The brick building is one-story with functional basement providing valuable storage, office and prep areas. The lot is 2800 sq ft. Parking is along the street and municipal lots. The Real Estate would be leased by the successful buyer. Alternatively, a qualified buyer may offer to purchase the Real Estate for $200,000 in addition to the business offering price.
Competition:
The business benefits from loyal patrons from the local area and throughout an economically diversified market of 500,000 population. As one of the oldest and highest sales volume restaurants in the area, the business is a market leader.
Growth & Expansion:
This established operation is attractively priced, better than turn-key and far superior to a risky start-up. It just needs an energetic successor with food service or hospitality management experience. Possessing marketing skills and being community oriented may be helpful attributes. The successful buyer could add liquor to beverage offerings, develop new specials giving variety for frequent diners, focus more on catering, expand marketing and public relations, or pursue other potential avenues for growth. With this proven concept and strong brand name, a well-capitalized, experienced buyer could expand outside of the market by branching or franchising.
Financing:
$115,800 down/$57,900 for 120 mos. @ 9.95%/Other Financing.
Support & Training:
Will train for 2 weeks @ $0 cost. Kitchen staff have been with the business for years. Most experienced employees are Serv Safe Certified. The business holds a license to serve beer and wine, food service license or permit and other typical licensing and passed inspections for the industry. This second-generation owner seeks a successor to continue a tradition of excellence and looks forward to orientating, training and supporting the buyer to contribute to ongoing success. The successful buyer will need to replace the hands-on owner. The owner tests and fine-tunes the sauces and dough for quality control and protection of the proprietary base recipes. They seller focuses on general business administration, bookkeeping, daily sales reports, banking, hosting and is active in the community.
Reason for Selling:
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Contact the Seller

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Brian Brown, CBI, CMAI, Iowa/Nebraska Director

Business Listed By:
Brian Brown

Murphy Business & Financial Corporation

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers.


Sponsoring Broker:
Michael Rooney

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