Price Reduced - Italian Restaurant With $208,000 In Owner Earnings!

Business Overview:

Price reduced to just $539,000! With $1.2M in sales, this well-established Italian Restaurant for Sale generated $208,000 income in 2023, and has been a consistent earner for over 38 years in the same location! Currently operating under absentee ownership! Situated in a high-traffic area with great visibility, it is a local favorite and attracts diners traveling the busy Northern Virginia to Charlottesville corridor. This is a fantastic turnkey opportunity eligible for SBA financing, and the owner is willing to provide partial financing to a qualified buyer!
At 3,000 square feet, this Italian Restaurant for Sale is spacious yet provides an intimate dining experience with seating for 72 guests. There are two separate kitchen areas, one equipped with pizza ovens and prep stations and one designed to prepare and serve the restaurant's signature Italian dishes. Check out the extensive equipment list and photos to learn more! Everything is in place to ensure a smooth transition to a new owner and continuity of operations. The rent is very reasonable for this area at just $3,500 per month, and the lease is assumable. Open six days per week, this restaurant is ideally positioned in a busy shopping center with ample parking, and is surrounded by residential neighborhoods. The local economy is booming with new housing, providing unparalleled opportunity for expanding sales, whether dine-in, take-out, or delivery.
The brokers at We Sell Restaurants work with an extensive list of lenders providing conventional, SBA and unsecured loans, making it easy to finance your restaurant acquisition and secure working capital. Don't wait - profitable, quality restaurants like this one don't last long in this market! Call today to learn more and realize your dream of restaurant ownership!
Italian cuisine has a universal appeal, and caters to a wide variety of diners and dietary preferences. From pizza and quick casual favorites to multi-course meals, you can stick with the successful, established menu, or add your own recipes and culinary flair. The extensive offerings at this Italian Restaurant For Sale appeal to all types of diners and budgets!
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Property Features and Assets:

Hoods x2
Grease trap
Six burner stove
Flat top
Grill
Fryers x2
Salamander
Three compartment sink
Microwaves x2
Hobart dough mixer
Pizza ovens x2
Smallwares pots pans ladles etc.
Dishware serving ware flatware
Prep tables x5
Sheet pan racks
Miscellaneous shelving
Pasta cooker
Scales x3
Conveyor toaster
Meat slicer
Display case
Walk in cooler x2
Walk in freezer
Glass front reach in cooler
Reach in freezer
Ice machine
Sandwich prep cooler
Pizza cooler
Tables x20
chairs x72
Flatware
Silverware
Serving ware
Keg cooler
Ice well
Sound system
Clover POS with four stations
Safe
Copy machine
High chairs
Booster seats
Signage
Trash receptacles
Utility carts
Miscellaneous decor

Market Competition and Expansion:

Well-established in community, independent v. franchise

Reason for Selling:

Retirement

Additional Details:

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