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- RE: Once-in-a-Lifetime Opportunity
- Contact: Shawn Charles
Quick Facts
Asking Price: | $3,000,000 | |
Annual Revenue: | $3,000,000 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $500,000 | |
Total Debt: | Not Disclosed | |
FF&E: | $2,500,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 2000 | |
Employees: | Not Disclosed | |
BBN Listing #: | 989134 | |
Broker Reference #: | NEW LONDON COUNTY |
Business Overview:
Are you ready for the opportunity of a lifetime? This is your opportunity to own an extraordinary, highly successful Italian restaurant with a stellar reputation and a thriving business. Spanning an impressive 5,000 square feet, this iconic establishment features 135 profit-generating dining seats, 60 magnetic patio seats, and 45 versatile private party or overflow seats. Step into its enticing and charismatic dining room, unwind in the magnetic lounge with a full bar, and experience the state-of-the-art, fully refurbished kitchen. A dream for any culinary enthusiast is a production facility designed for food excellence, featuring a phenomenal wood- and gas-fired pizza oven that is both efficient and easy to use. It cost $3.5 million just 15 years ago to build the restaurant, making this even more inviting at this price. The perks don’t stop there: generous seller financing terms, a brand-new $ 150,000 septic system, and this gem also boasts an enviable full basement with ample storage, refrigeration, and prep space. Open for dinner seven days a week and lunch three days a week, the business is bursting with potential. Additionally, a spacious apartment is available above the restaurant, offering an additional income opportunity of $2,500 to $3,000 per month. As a cherished cornerstone of the community, restaurants of this caliber rarely become available, especially with an incredible gross rent of only $2,500 per month. That’s right $2.500, which I'm sure you have never seen before or will see again. The combination of its idyllic location, celebrated reputation, and high-grossing success makes this an absolute steal. Don’t let this golden opportunity slip away; it’s time to make your mark and own this five-star stunning restaurant today! Call now before it’s gone!
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Property Features and Assets:
You will never see this again - 5,000 high-grossing, pristine square feet in an incredible location for only $2,500 gross rent. The impressive wine inventory is not included in the price. A generator ensures no loss of revenue in the event of a power outage.
Market Competition and Expansion:
The presence of major new commercial development in the vicinity will undoubtedly significantly increase pedestrian traffic and boost business.
Reason for Selling:
Other business interestAdditional 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
Relevant Links:
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