This is a real opportunity for someone interested in operating an authentic Italian restaurant preparing cooked-to-order meals. Charming decor, excellent food & drink, and friendly staff have contributed to the success of this well known business. Very high reviews from customers. Current owner(s) are willing and proud to assist the buyer(s) transitioning into their business. Repeat business from locals accounts for most of their traffic, although, many customers fly in from out-of-state and choose to return here for a special night out. Award winning menu items as well as all desserts are prepared with care from scratch. There are two (2) owners (husband and wife) working in the business and the cash flow shown accounts for both owners. It should be noted that the professional chef on staff is paid approximately $45,000.00 per year...so if the new owner (buyer) is also a chef then replacing that salary could be counted as an added income stream. There are other business activities currently expensed off that could be self-performed (payroll, accounting, etc.). Clean tax returns, years in business, profit margins and reputation will surely help prospective buyers obtain bank financing or possible SBA backed-loans. Don't miss out on this wonderful opportunity!
Year / Gross Sales / Cash Flow (2 owners)
2013 $ 426,742.00 $ 93,729.00
2012 $ 414,628.00 $ 93,311.00
Asking Price $155,000
Sales Between $100,000 and $500,000
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