Retail - Restaurants | Retail - Other Eating & Drinking Places

Asking Price	$195,000	Inventory	$10,000**
Gross Income	$600,000	Real Estate	$575,000**
Cash Flow	$100,000	Year Established	1964
FF&E	$195,000*	Employees	15

* included in the asking price

** not included in the asking price

Reduced

Motivated Seller has reduced this jewel of a restaurant to $195,000. Old World Itailan Cafe is in a very well maintained building in the heart of Concord, North Carolina. Owner is forced to sell due to family relocating out of state and is very motivated and willing to consider any reasonable offer. Unlimited upside potential for the right operator. All amentities located within minutes. Restaurant could continue to be operated as italian or converted to other uses.

Facilities: 3831 Square Feet on Two Acres of Land with garden for fresh veggies and herbs. State of the art Kitchen equipment with more refridgeration than you need; all in a well maintained building. Interior is up scale with Murals on the wall depicting the old country. Building can be bought or leased--buyers choice.

Competition: Great location, near Lowes Motor Speedway, Concord Mills Mall, within blocks of Downtown and Northeast Regional Hospital. Surrounded by several Apartment Complexs. Most notable competition would be Franchise Pizza Stores-that really are not competition for this homemade crust, pasta, and sauces.

Growth/Expansion: Current owner only has Beer and Wine permits, Liqour could easily be added. Delievery could also boost sales. Menu could be expanded. Cost of Goods sold has not been managed very well.

Financing: TBD for Qualified Buyer/Operator

Support/Training: Reasonable

Reason Selling: Family Relocating out of State