Exceptional Italian Restaurant for Sale: A Culinary Landmark with Diverse Revenue Streams

Nestled in the heart of a bustling community, this distinguished Italian restaurant has been a local favorite for 23 years. Known for its robust flavors and warm ambiance, the restaurant not only offers a delightful dining experience but also presents a solid investment opportunity with multiple streams of income.

Property Highlights:

• Established Reputation: With 23 years of operation, this restaurant has cemented its status as a highly-rated culinary destination, beloved by locals and visitors alike.
• Spacious and Versatile: The property boasts an 8,315 sq ft building situated on a 0.64-acre lot, offering ample space for dining and events.
• Seating and Amenities: The restaurant features 125 seats, two bars, and a large heated enclosed patio, perfect for year-round dining.
• Continuous Updates: The building and property have been meticulously updated over the years, ensuring a modern and inviting environment for guests.

Financial Overview:

• Restaurant Revenue: Generates $1.2 million in annual revenue, derived solely from its restaurant operations.
• EBITDA: The earnings before interest, taxes, depreciation, and amortization (EBITDA) stand at $170,000, not including additional rental income.
• Additional Rental Income: The property includes three rental units: a 2-bedroom apartment, an office space, and parking spots, collectively bringing in $92,400 annually in rent.

Location and Community Engagement: The restaurant's strategic location and established presence in the community make it a popular choice for both casual diners and large gatherings. Its reputation for quality Italian cuisine and exceptional service continues to draw high traffic, enhancing its profitability.

Investment Potential: The seller is committed to a smooth transition and is willing to hold a note, offering flexible financing options for potential buyers. This presents an attractive opportunity for investors seeking a business with established operations, steady income, and potential for continued growth.

Summary: This Italian restaurant represents a unique opportunity to own a profitable, well-loved establishment with the added benefit of rental income. With its extensive seating capacity, updated facilities, and prime location, it promises continued success and offers substantial returns for the discerning investor.