Retail - Restaurants | Retail - Other Eating & Drinking Places

Asking Price	$360,000	Inventory	$30,000**
Gross Income	Not Disclosed	Real Estate	$838,092**
Cash Flow	Not Disclosed	Year Established	1963
FF&E	$300,000*	Employees	26

* included in the asking price

** not included in the asking price

This Italian-American Restaurant is long established, loved and respected by many. It does $1.2 million in sales per year in 8387 square feet. Food is 65%, Liquor is 22%, Off premise catering is 13%. The entire property is available for sale for $838,092, not including the restaurant business itself. A lot of new investment has occurred in the immediately surrounding neighborhood in just the last 2 years, and the city is very supportive of improvement efforts.

Facilities: Square footage of 14647 includes 8387 sf restaurant and 6260 sf of retail and residential rentals in attached buildings. Parking offstreet for 80 cars plus several more for tenants. Property is well maintained by owners.

Competition: This restaurant is a well-loved gathering spot, now being operated by the third generation. Besides plenty of off-premise catering, it has a very successful banquet business.

Growth/Expansion: The restaurant is closed on Sundays except for in-house parties. A new owner could open on Sundays for even more business.

Support/Training: Seller will train.

Reason Selling: Owners have other interests.