Newly Redesigned Italian Pub Over $1M in SalesListing: #SV00063
About this Business for sale in Greater San Francisco Bay AreaNewly Redesigned Italian Pub Over $1M in Sales
This newly redesigned Italian restaurant has consistent sales of over $1M each year. In 2018 sales were $1.3M, with a Net Profit of $260K. It is located in the East Bay in a well-known area with a long-term lease. Restaurant is well run with experienced chefs, servers and staff. The bar and kitchen are well equipped and clean. This Italian Pub is profitable, modern, but with a casual atmosphere.
Seller has too many other projects and needs to sell ASAP. The 2,600 sq. ft. restaurant can seat over 100+ with a patio. It has lots of potential with the existing concept or it can be turned into Indian, Japanese, Steak or other cuisine. This is a turn-key restaurant, with 17 employees.
*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.