Italian Restaurant Featuring Pizza & Pasta

  • Listing# : 12618
  • Listed Price : $175,000
  • Total Sales : $503,119
  • SIC : 5812
  • Down Payment : $175,000
  • Status : Active
  • Discretionary Earnings : $82,000

Business Type :

Restaurants / Italian Restaurant, Restaurants / Pizza Shop

Business Description :

Price Reduced! Italian Restaurant Featuring Pizza & Pasta. Operating over 30 years in a key city in Hampton Roads, this establishment is regarded as one of the finest in Italian dishes, Pizza, Calzones and Pasta. From a humble beginning this facility has passed through two generations, originally founded by a couple from Italy. Their experience and expertise has been transferred through the passage of time. Today the restaurant, serving the finest in authentic Italian cuisine, creates all of the dishes with fresh ingredients using the methods taught from days gone by. Those homemade Italian dishes rank second to none, and as a result the customers continue to support an eatery enriched by the owner’s heritage and one that has evolved into a family friendly place to gather with friends and enjoy a homemade meal just like those good old days. Operating seven days a week, the business offers a delivery service for those who want to enjoy a great dinner in the comfort of their homes. And if you have a special occasion in store the business also offers a great catering service. The current owner, with the satisfaction of serving members of his own community for many years is now looking to retirement and the opportunity to enjoy some of the fruits of his labor, and in exchange has decided to sell his lifelong pursuit. Realizing however, that some commitment to a transition for a buyer will be necessary and appropriate to convey the means and manor in which the food is prepared. To that end the owner is offering to stay and assist the new owner in a smooth transition. In addition, for the right buyer the owner will consider some level of seller financing.

Assets/Liabilities:

    • Accounts Receivable $0
    • Incl :
    • Real Estate $0
    • Incl :
    • Inventory $7,500
    • Incl : Yes
    • Liabilities $0
    • Incl :
    • FF&E $45,000
    • Incl : Yes
    • Other: $0
    • Incl :
    • Leasehold $0
    • Incl :
    • Total Assets $52,500
    • Incl : Yes

Lender Prequalified: No

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