Pizza/Italian Restaurant- Profitable and in Great Area to Live

Price: $885,000

Location: Avery County, NC

Industry: Restaurants and Other Eating Places

Listing ID: 20210325NC

Listing Status: New

Description

Here is your oppotunity to own a profitable Italian restaurant that opened in 1995 and is enjoying its 26th year in business. The owners of this restaurant are a true and inspiring example of the American Dream fulfilled through work and effort. Having come to the US in 1992, they chose this mountain resort area to build a locally favored establishment for great italian dishes and pizzas. Along they way they have earned enough money to retire in style with a home in the scenic North Carolina mountains and one in Charlotte.
The opportunity to accomplish the same or better is now avaialble for an astute buyer who can understand the value represented and can bring a vision to expand the revenue streams with just a few tweaks.
We have in-depth records and documents to support the reasonable asking price. This business will quailfy for SBA financing for a credit worthy buyer.
Thsi bsuienss would be ideal for family or couple who enjoy meeting and serving the public while offering some of the best cuisine in the area.

LISTING DETAILS

Total Sales: $615,000

EBITDA: $144,393

FFE: $40,000

FFE Included: Yes

Inventory: $5,000

Inventory Included: No

Operation

Year Established: 1995

Employees: 5

Location

Real Estate: $500,000

Real Estate Included: No

Square Footage: 3,076

Summary

Facilities Information:

The business is located at the nexus of two main traffic highways coming from I-40 to the Boone, NC tourist area. It is ideally situated near several residential developments with year round occupants. The building is expensive adn tastefully decorated on the interior and features an outdoor dining area that is landscaped and fenced. There is a full bar area for serving beer, wine or mixed drinks. The building was built in 1985 for a national restaurant chain; with improvements and maintenance the local tax assessor places the effective year of the building at 1997. The property is .84 acres of land and features a valuable drive up window, a feature so important in the new post-covid era. Real estate taxes are

Reason For Sale:

Retirement.

Training & Support:

Training:Will train new owner(s) for a reasonable transition period.

Competition:

Very little competition in the immediate area. Although the general area is a summer and winter vacation recreation area, the demand for this type of cuisine and quality of food is consistent year round. There are several avenues to increase revenues that are listed in the Confidential Business Summary that is available for prospective buyers who complete and sign a non-disclosure agreement.

Potential Growth:

Plenty of growth opportunities with little additional capital Growth opportuntites are covered in our Confidential Business Summary.

Financing/Terms:

Local bank willing to lend up to 85%.

For more information on this listing, please complete our Non-Disclosure Agreement
LISTING BROKER

Ramon Sanchez-Vinas

Ramon Sanchez-Vinas