Popular Italian Restaurant For Sale

Undisclosed Address, Wilmington, NC 28405
Business Opportunity for Sale
Catylist Listing ID: 30323043
Property Subtypes: Food and Beverage
Building Size (RSF): 2,400 SF
Sale Price: $390,000
Name of Establishment: Confidential
Year Business Established: 2014
Gross Revenue: $850,000 (Annual)
Cash Flow: $0 (Annual)
Sale Terms: Owner financing available for qualified buyer. Terms negotiable.
Last Updated: 11/8/2018

Overview / Comments

Loyal following and strong track record of growth. Revenue consistently above $800K, with a projection for 2018 of $890K. COGS has been approximately 33% for the last 4 years.

Seller has transparent financials, with a high level of detail for a potential buyer to analyze. No hidden cash income/payments - this is a well run and tightly controlled business.

Strong cash flow and reasonable lease terms that can be assumed. Seller willing to stay and train for an extended period depending upon what the buyer wants/needs. Seller financing available to a qualified buyer.

Location is in fast-growing area, close to college, new residential developments, access to major arteries/highways. Healthy balance of take-out/delivery and dine-in. Bar business is excellent, and POS system is top-notch (Toast: https://pos.toasttab.com).

All FF&E conveys, much of it is new. Truly a turn-key operation.

Financials available with signed Confidentiality Agreement.

Additional Details

Industry Segment: Restaurants
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Mgmt/Training Support Description: Negotiable, but seller is willing to stay for an extended period if needed.
Seller Financing Description: Negotiable, but seller will likely finance a substantial portion of purchase price. Terms based on buyer needs, experience, credit-worthiness.
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