Elegant Italian Restaurant
Not Disclosed, OH Cuyahoga County
Northeast Ohio
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- RE: Elegant Italian Restaurant
- Contact: David White
Quick Facts
| Asking Price: | $299,000 | |
| Annual Revenue: | $815,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $165,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $100,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2018 | |
| Employees: | 11 | |
| BBN Listing #: | 984449 | |
| Broker Reference #: | 4301-18718 |
Business Overview:
This Italian Restaurant with an excellent location is known for its warm ambiance and authentic Italian cuisine. The restaurant offers a blend of traditional and contemporary dishes made from the freshest, high-quality ingredients. They specialize in authentic Italian flavors, handcrafted pastas, and flavorful seafood, complemented by a curated selection of fine wines and craft cocktails. This restaurant has recently been renovated, featuring high-end furniture and décor and new state-of-the-art kitchen equipment. Guests can enjoy a cozy indoor setting or an al fresco dining experience on the restaurant's elegant patio. The restaurant is a favorite for intimate dinners, family gatherings, and special occasions, offering exceptional service that reflects the passion and care behind every dish. This is the go-to spot for those seeking an authentic taste of Italy in Northeast Ohio.
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Property Features and Assets:
Excellent Location on a well trafficked corridor. 2,800 square feet at $3,966.67 per month NNN. Lease term ends August 14th 2030. 75 seats, 24 patio seats.
Assets = $106,500
Market Competition and Expansion:
Moderate.
This newly established high-end Italian restaurant offers substantial growth potential due to its strategic location on a high-traffic thoroughfare within an affluent community. The local market’s strong demand for upscale dining provides an opportunity to increase market share as the restaurant builds brand awareness.The combination of a high residential population, nearby businesses, and frequent community events supports a consistent customer base. Key growth strategies include enhancing targeted marketing efforts, expanding private event offerings, and optimizing the use of the outdoor patio during peak seasons to increase capacity and drive revenue.
Reason for Selling:
Other personal and business interests.Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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