Large Full Service Restaurant
Listing #: (assigned once all required paperwork is submitted)
Location: Greater
Description: This beautiful full service family restaurant has been an institution in the community for over 40 years. Moderate price Italian/American concept, excellent location, extensive base of regular customers, 2 bars including 1 lounge, (liquor license to 1AM) 6000 sq ft, 200 seats, and ample off street parking. Excellent kitchen includes 3 complete kitchen stations to match demand. New POS terminals. Includes ATM, Lottery, and Keno terminals.
Financial Information
Yearly Gross: $ 2,000,000
Cash Flow: $ 150,972 per owner
Assets: Furniture, Fixtures and Equipment included in asking price
Inventory: $ 15,000 (included)
Real Estate: $ 800,000
Financing: Pending SBA Pre-Screen
Asking: $1,600,000
General Information
Year Established: 1960s
Years Owned: 45
Facilities: 6000 square foot facility with roomy kitchen, and huge basement
Concept: Moderately priced Italian American
License: Full liquor license to 1AM
Seating: 200
Parking: Plenty of off street parking
Lottery: Yes
Competition: Very little competition in town within concept
Growth and Expansion: Several significant opportunities for growth include expanded seating, banquet facility, catering, and additional focus on take-out and packaged signature. products.
Support/Training: Seller will train new owner
Reason Selling: Other interests
Employees: 65 part and full time (full/part-time?)
Franchise: ___no__ Home-based: _no____ Re-locatable: _no____
For more information, please contact
Company: ROI Corporation a BBANE Affiliate
Broker: Michael Thames
Phone: 781-682-6209 ext 207
Cell: 401-965-3032
Email: info@roibusinessbrokers.com
Information contained herein has been supplied and approved by the seller. ROI makes no claims as to the accuracy of the information. The buyer should verify all information independently during due diligence.
