Profitable Italian Restaurant for Sale -- High Six Figure Earnings!

Alpharetta, GA (Fulton County)

We Sell Restaurants - Georgia Restaurant Brokers
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Asking Price: $289,000

Cash Flow: $245,503

Gross Revenue: $950,700

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $5,162.50 /Month

Established: 2011

Profitable Italian Restaurant for Sale -- High Six Figure Earnings!

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Business Description

Turn-Key Italian Restaurant for Sale in Alpharetta, Georgia. Open and Operating Profitably for Seven Years. Net Revenue over $750,000 with Owner Discretionary Earnings of $160,000! Great Books and Records. Owner Retiring. Qualifies for SBA Lending.
This profitable Italian Restaurant for Sale brought to you by We Sell Restaurants, truly has it all. First and foremost is a great name and reputation. Well-known and serving repeat clients, special gatherings, and satisfied guests for seven years in its current location. Prior to being in Alpharetta, this Owner-Operator ran this successful and profitable Italian restaurant for sale from another location but had to move to a larger site as business grew. Its menu is authentic Italian. Pastas, Chicken, Veal, Fresh Fish, and homemade sauces that will remind you of being in Italy!
The Alpharetta, Georgia Italian restaurant for sale location is amazing... and so is the rent! The inside is 1,750 square feet and can seat up to 80. The site includes covered outdoor seating for 50 taking the total capacity to 130 guests. The Italian restaurant for sale has some unique and beautiful features. The stand-alone building is quaint with general and private dining areas, perfect for intimate gatherings.
The current rent is an amazing $5,155 per month including CAMS! That comes out to less than 8% rent as a percent of sales for this "Free Standing" Italian Restaurant for sale. Alpharetta is known for its high household incomes, population density, and strong corporate presence. Additionally, the city hosts great seasonal events. What does all of this mean for you? Plenty of customers with lots of discretionary spending who appreciate great food, service and value! This business has it all and will NOT last!
The owner of this well-known and successful Italian restaurant for sale wants to retire and hand off his legacy to a strong owner-operator who he is willing to train. The business is turn-key and ready for a new owner to sustain a high six figure income by continuing with the service, recipes, and tradition of this amazing Italian Restaurant for sale. Don't miss out!

Detailed Information

Real Estate:
Leased
Building SF:
1,750
Lease Expiration:
10/31/2021
Employees:
18
Facilities:
Walk in Cooler Box 6x8 2 Door Freezer 1 Door Freezer 3 compartment sinks 1 compartment veggie sink 1 hand sink 10 gas burner stove 6 gas burner stove with convection oven 1 30 double fryer 2 door bread warmer 2 - 2 door 6 ft Refrigerator 2 door 5ft 1 door 2ft refrigerator 2 food warmers 3 4ft stainless shelf 5 stainless steel table 1 beer cooler 2 door soda cooler 1 door ice machine 80qt hobart mixer grease trap stainless hood full dinner equipment tables chairs plates silverware water wine glasses for 120 people kitchen equipment pots pans utensils NOT INCLUDED IN SALE Antiques including Bar Italian tiles on walls personal items pictures
Competition:
The City of Alpharetta has been recognized in The Best of Economic Development in Metro Atlanta for its strong economic growth and development setting a regional benchmark for economic viability
Growth & Expansion:
The city of Alpharetta experienced tremendous population growth in recent decades booming from an exurban community that was largely residential and undeveloped in the 1970s to a city with more than 50 000 residents Alpharetta has experienced rapid r
Support & Training:
Yes
Reason for Selling:
Retirement
Business Website:
http://https://www.wesellrestaurants.com
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Contact the Seller

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Steve Weinbaum

Business Listed By:
Steve Weinbaum

We Sell Restaurants

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Sponsoring Broker:
Eric Gagnon

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