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Businesses For Sale   >>   Ohio Businesses For Sale Categories   >>   

Classic Italian Restaurant

Location  Ohio,United States
Asking Price Range  $500K - $1.0M
Gross Revenues  $1018000
Net Profit / Cash Flow  $175000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  1986
Number of Employees  10 - 19
Inventory  60000
Relocatable  No
Number of Employees  10 - 19
Real Estate  Leased
Training  Yes
Reason for Sale  Retirement
Description  Established over 20 years ago, this beautifully decorated, fine dining Italian restaurant enjoys a loyal and growing clientele which has produced over $1,000,000 in sales in 2011 and owner earnings averaging over $200,000 the past 3 years. The menu is a classic Italian menu which is simple, but elegant. The soon to be retired owner has invested over $250,000 in furnishings, state of the art equipment, and fine decor to make this a very well managed and professionally operated restaurant. The kitchen is very efficient and immaculately clean. There is an excellent staff that has been in place for many years which includes a head chef, a manager, cooks, servers, and a bartender. This is an established location in the heart of an upscale community in Greater Cincinnati. This is a popular location for rehearsal dinners, holiday parties, romantic dinners, and special family gatherings. Included in the price is a full liquor license. Owner prides himself in his long and well selected wine list with many older vintages. Bank financing available for qualified buyer with 25% cash down. Asking price is $549,000. Call Dan at 513/315-3006.
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