Description

Sold! – Italian restaurant for sale

PRICE: $129,900
INDUSTRY: RESTAURANTS
LOCATION: TEMPE

Listing Description

This beautiful Italian restaurant is in a great location, anchored by a Fry’s shopping center. This 1,875-square-foot restaurant is open for lunch and dinner seating 50 between the bar and dining areas and 18 on the patio. This restaurant is fully staffed with servers, bartenders, and a complete kitchen staff creating a turnkey operation. The seller is willing to provide some seller financing to the right buyer. The asking price for this incredible opportunity is only $129,900.

Listing Details

Asking Price: $199,000

Gross Income: $350,000

Down Payment: $199,000

Cash Flow: $101,500

FFE: $85,000 (Included in Price)

Inventory: $3,500

Reason For Sale: Other business interest

Training & Support: The seller is willing to provide training for the new owner. The time frame is negotiable.

Operation

Year Established: 2005

Days & Hours of Operation: Mon-Sun 11:30 am to 9 pm

Owner Hours Per Week: 40

Employees: 2FT – 5PT

Location

General Location: Tempe

Monthly Rent: $4,200

Square Footage: 1,875

Description