Tidewater Authentic Italian Bakery & Restaurant

VA

Tidewater Authentic Italian Bakery & Restaurant
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Asking Price: $650,000

Cash Flow: $287,335

Gross Revenue: $957,477

EBITDA: N/A

FF&E: $150,000

Inventory: $8,000*

Rent: $5,880 /Month

Established: 2006

*not included in asking price.

Tidewater Authentic Italian Bakery & Restaurant

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Business Description

300k Cash Flow - Semi-Absetee Run

Key Investment Considerations:

• Gross Revenue of $957K in 2017.
• Average Seller Discretionary Earning of $301K in 2016 & 2017 and will be proved by seller.
• Nationally recognized on Food Network Diners, Drive-Ins and Dives.
• Huge following from multiple cities and states.
• The only authentic Italian bakery and restaurant with live music in the area.
• Successfully operating for over 10 years
• Excellent location in the middle of shopping center, golf courses, businesses and residential areas
• Reason of sale: retirement.
• All recipes are recorded and will be passed to new owner.
• 5 income streams.
• All furniture, fixture & equipment ($150K) are owned free and clear.
• All new POS system was purchase in 10/2018
• All year-round business without seasonality

Original and current owner started this authentic Italian bakery & restaurant over 10 years ago and it has been a landmark of Tidewater area since. It is a turn key operation. Seller offers the business in the market for health reason. Great growth opportunity is available through additional catering service to business and local events. Potential is great for someone with the energy and right mind set to see the awesome potential of this restaurant.

5 Income Streams;

1. Full Service Restaurant
2. Pastry, Cakes & Bakery
3. Wine & Beer (on and off premises)
4. Coffee & Beverages
5. Catering

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
3,200
Lease Expiration:
N/A
Employees:
13
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Support & Training:
4 weeks
Reason for Selling:
retiring
Contact Seller

Contact the Seller

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Carven Cheung

Business Listed By:
Carven Cheung

Transworld Business Advisors

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Sponsoring Broker:
Steve Sigman

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