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Authentic Italian Restaurant & Bar For Sale

Virginia Beach, Virginia
Asking Price:
$120,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$288,000 (USD)
Cash Flow:
$90,000 (USD)

Looking for an Italian chef and family to operate this authentic Italian restaurant with food prepared now by an Italian trained chef, his wife, and family. The restaurant has been open for nine years at the same location. It is located in a shopping center surrounded by middle to high-income neighborhoods.

Excellent lease in place until 2022 with one additional option to renew.

Full ABC Liquor and a clean corporation will make the transfer of the business smooth and easy for the new owner. Fully equipped Italian kitchen and comfortable casual décor. The family operates this business 7 days a week. All recipes included in sale price.

Seller will consider some financing for a qualified buyer.

Property information

Real Estate:

Lease

Premises Details:

2400.00

Size in square feet:
1,200 sq ft

Business Operation

Trading hours:

Days: Monday-Sunday

Employees:
Full Time: 4, Part Time: 2
Years established:
10

Other Information

Support & training:

Seller will negotiate a transition period

Financing available:

Seller will consider some financing for a qualified buyer

Furniture / Fixtures value:
$75,000 (USD) - included in the asking price
Inventory / Stock value:
$10,000 (USD) - included in the asking price

Contact Information

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