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- RE: Premier Restaurant & Bar With Trophy Property
- Contact: Steve Steenson
Quick Facts
Asking Price: | $1,995,000 | |
Annual Revenue: | $4,204,533 | |
Net Profit: | $581,984 | |
Cash Flow: | $581,984 | |
Total Debt: | Not Disclosed | |
FF&E: | $175,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 1983 | |
Employees: | 70 | |
BBN Listing #: | 989198 | |
Broker Reference #: | L-2458 |
Business Overview:
Seize this rare opportunity to own a thriving Italian restaurant and bar in a rapidly growing, affluent suburb. Strategically positioned with prime accessibility from a main road, this establishment benefits from a steady flow of customers, serving as both a go-to casual dining spot and a destination for special occasions.
The business not only owns the real property associated with the restaurant but also an adjoining lot currently used for additional parking. While both properties are available for purchase, buyers have the flexibility to lease the additional lot instead of acquiring it outright.
Dining here is more than just a meal, it’s an experience to be savored. Rooted in tradition and hospitality, the restaurant offers a culinary journey where every dish is a tribute to the rich heritage of Italian cuisine. The thoughtfully curated menu showcases a renaissance of classic Italian dishes, artisan pizzas, and contemporary offerings, all complemented by an exceptional selection of Italian and California-inspired wines and handcrafted cocktails. The bold, fresh flavors of vine-ripened tomatoes, fine olive oils, and fragrant herbs transport guests straight to Nonna’s kitchen.
Known for its warm, inviting atmosphere and impeccable service, this restaurant has built a stellar reputation. Its success is reflected in nearly 6,000 glowing reviews, consistently averaging 4.4 stars and above across multiple review platforms.
Don’t miss out on this exceptional opportunity to own a piece of culinary excellence in a prime location!
This well-established and highly rated Italian restaurant presents an outstanding opportunity for a variety of buyers looking to step into a successful and thriving business.
Strategic Industry Buyers – A restaurant group, hospitality investor, or established restaurateur seeking to expand into a high-growth, affluent market could seamlessly integrate this business into their portfolio. The restaurant’s strong reputation, loyal customer base, and outstanding reviews make it a perfect addition for those looking to strengthen their brand and expand their presence.
Experienced Restaurateurs & Owner-Operators – A passionate, hands-on operator with a background in restaurant management or hospitality will find this a turnkey operation with immediate profitability. The existing management and staff provide a solid foundation, allowing a new owner to step in and build upon the restaurant’s established success.
Aspiring Entrepreneurs – For individuals looking to enter the restaurant industry, this business offers an established concept, proven menu, and a highly desirable location. With its well-trained team and streamlined operations, it provides a lower risk path to ownership compared to starting from scratch.
Investors Seeking Prime Real Estate & Business Ownership – Given that the restaurant includes highly sought-after real estate, investors looking for a profitable business tied to valuable property assets will find this an attractive opportunity. The additional adjoining lot, which is available for purchase or lease, further enhances the investment potential.
Culinary Innovators & Visionaries – A chef-owner or food entrepreneur with a fresh perspective and creative vision could leverage the restaurant’s strong brand and reputation to introduce new culinary concepts, expand catering services, or enhance special event offerings.
This restaurant presents a remarkable opportunity to acquire a well-loved dining establishment with a strong market presence and exceptional real estate.
A complete Confidential Business Review is available upon the execution of a non-disclosure/confidentiality agreement (NDA), and after a potential initial introductory call with the listing broker.
The highly sought after real property is priced at $1,500,000.00 and can be purchased along with the Business.
To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.
Property Features and Assets:
The real property is considered a “Trophy Property” and is available for purchase at $1,500,000, based on a current appraisal value. The facility comes with all furniture and fixtures. All equipment and supplies are top quality. Furniture, fixtures, equipment and vehicles used in business activities are included in the offering. A detailed list of FF&E and vehicles is in process and will be provided upon request. The estimated value of the FF&E is $175,000.00.
Market Competition and Expansion:
After the pandemic, the restaurant industry faced profound changes which lead to a shift to takeout and delivery, and the acceleration of technology adoption. This restaurant has been able to stay ahead of the labor shortages and supply chain disruptions by embracing strong relationships with both employees and the community. The restaurant maintains a robust and loyal customer base, which allows it to stand out from its competition.
Reason for Selling:
RetirementAdditional Details:
- The property is owned.
- 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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