Boutique Italian Restaurant
About this business for saleBoutique Italian Restaurant
Holy Meatballs, Cutest boutique Italian Restaurant in South Bay is pristine and available at an extremely low price and a great lease!!! This must see restaurant would make you proud. It seats 50 and could expand just by opening for lunch with a luncheon menu. The semi-absentee owner has a full time day job. After 15 years of ownership, her new marriage and young children require her to sell. Despite a complete lack of marketing the patrons keep returning. An active owner, along with some marketing (should it be called “Bistro”??), could add significantly to the profit. This “pride-of-ownership” facility is the highly visible front unit in a strip mall with ample parking on a major boulevard on which thousands of potential patrons passing per day. The owner is an accountant and the books are as clean as the restaurant. This should make for an easy SBA loan. The facility is clean and fresh in every way with new paint and exquisitely maintained fixtures and appliances. All of the necessary equipment is in place from the hood to the Range to the grease pit. Combine that with a beer and wine liquor license and you can`t miss. An increase in catering would also increase the profit (everyone loves Italian). Just think of adding meatball sandwiches for lunch and watch the profits soar. Act fast as this great restaurant will sell quickly.
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.