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Fresh Italian Homemade Pasta & Retail Wine Shop
Location Virginia,United States
Asking Price Range < $250K
Gross Revenues $626000
Net Profit / Cash Flow $88000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1996
Number of Employees 20 - 34
Inventory 120000
Relocatable Not Disclosed
Number of Employees 20 - 34
Real Estate Leased
Training Staff will most likely stay on after the sale if new owner prefers. Owner is willing to stay for a reasonable period.
Reason for Sale Other interests & Family.
Description This Italian Restaurant opened in October of 1996. The owners wanted to create an Italian restaurant that featured something they felt was lacking in many of the chain-type restaurants they encountered: fresh, made from scratch Italian cuisine, using both traditional recipes and some of their own creations. All of the pasta, including the ravioli, is made fresh at the restaurant - along with the bread, soups, sausage, meatballs, sauces and many of the desserts. Shortly after opening, the restaurant expanded its wine selections and opened a retail shop in the lobby of the restaurant. By offering its customers reasonably priced wines from around the world, they are able to truly enhance the dining experience.
This mouth-watering Virginia-based Italian restaurant for sale is well recognized for their high quality service, with bright and enthusiastic waiters who are always willing to help. Over the years, this landmark restaurant business for sale created a great and loyal customer base. The management in place is outstanding as is the staff, along with the reputation, recognition, quality products, and personnel making this delicious restaurant business for sale a great opportunity for a new buyer. A special feature of this restaurant is their wine shop. They love good wine with good food, and they want you to enjoy it, too! They have wines from all over the world: their Italian collection includes 12-15 Chiantis, numerous Pinot Grigios, Barolos, Brunellos, Barbarescos, Super Tuscans, etc. They also have an extensive French and California collection, along with wines from Spain, Austria, OR, WA and VA. There are generally between 550 different labels to choose from. They offer carryout and catering to their customers.
Offering ''full service'' catering and renting additional space for a banquet room would offer a great growth opportunity for a new owner. Financing 15% Negotiable, Price is open for consideration.
Leased 3200 sf Facility
asking $238k
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