Italian Restaurant w/ beer & wine - Glendora

Location: California, United States
Category: Food and Beverage
Type: Established

Financials

Asking Price: $100,000
Cash flow: $21,147
Revenue: Not Disclosed
Gross Income: $124,000
Inventory: $2,000 - Included in the Asking Price
FF&E $50,000 - Included in the Asking Price
Real Estate: Not Disclosed

Business Details

This Italian restaurant has been operating at this location for over 10 years, consistently offering quality family style Italian food. Located along one of the areas main boulevards, this restaurant has excellent street visibility and a large patio. The restaurant?s old country d

Facilities:
The business is located in a 2,000 square foot facility with a monthly lease payment of $2,200. The landlord will grant the new owners a new lease. The sale includes all the assets of the business, currently valued at approximately $50,000, plus inventory of $2,000. The sale also includes the transfer of a clean on-sale beer and wine license.

Financing:
Not offered

Support:
Seller will train for 2 weeks at 25 hours per week

Competition:
Competition is considered medium-low as there are not many other restaurants of this type in the immediate area.

Growth:
Many opportunities for growth exist. A new owner may increase advertising to local businesses and residents, as well as take advantage of the patio by hosting more private parties. New owners may also increase the catering and home delivery business to generate additional revenues, as well as offer evening entertainment.

General Information

Reason Selling: Personal - Health

Number of Employees: 5
Year Established: 1996