Asking Price: $342,500 (plus optional opportunity to buy the real estate)
$209,987-$305,988 (depending on whether buyer leases building or buys it with the business)*
*Three Year Weighted average. Assumes buyer is owner/GM.
*Three Year Weighted average
Lease Rate/Sq. Ft.: To be negotiated with Buyer
Inventory: Included in asking price
Real Estate: Lease or buy Building. SF: 6,452.
Facilities: The seller owns the building and there may be an option to purchase it. 6,452 sq foot of space includes a spacious kitchen, a bakery display case, a large private party room with beamed ceiling and fireplace, multiple main seating options and an outdoor patio area. Rent terms to be negotiated with seller. The location is excellent-- on a busy road with good street visibility. No near term capital improvements anticipated. Building sits on 1.4 acres. Current Market Value of Real Estate ~$1,161,360
Competition: Lots of restaurants but the growth in town can handle it. This is one of the few restaurants that serves authentic Italian cuisine as well as Greek food and Pizza. Also, the variety of seating options and private room are a big plus!
Growth & Expansion: The restaurant owner has done a good job marketing however, she lives far away. A new local owner could really drive sales of group events, catering, bakery sales and delivery etc. as well as a push on website and social media marketing.
Limited to qualified buyers at seller's discretion.
Support & Training:
The owner is willing to provide training and transition. The franchise also provides support. Please keep in mind that the restaurant has an experienced long term manager as well as experienced kitchen staff and payroll can be handled by the franchise as well.
Reason for Selling: The owner does not live in the area and has a family member with medical issues.
This business is an established franchise. We believe there is also a possibility of this being sold as a stand alone restaurant, not a franchise.