Italian Restaurant

Linville, NC Restaurant for sale:

Italian Restaurant


25 years of Established Business Great opportunity to own an established Italian Restaurant. 25 Years of success ready for a new owner. Heavy traffic and great exposure on two main highways and the Blue Ridge Parkway. Over 100k spent on improvements including roofing, power generator, HVAC, natural gas, surveilance with DVR, POS System. Dine in, take out, drive through pick up. Outdoor seating, all ABC permits. 3,086 sq building. Rent $3,500, Option to buy Real Estate valued at $500k. FF&E included in asking price. Selling due to retirement, training is provided. Open 6 days a week serving lunch and dinner.



Location

Country:

USA

State or Province:

NC

City:

Linville

Location Zip or Postal Code:

28662

Listing Information

Service Type:

Sit-Down Table Service, Drive Thru

Title of Listing:

Italian Restaurant

Year Established:

1995

Number of Locations:

1

Number of Seats:

51-150

Size:

3086, Square Feet

Patio:

Yes

Number of Employees:

Less than 10

Hours of Operation:

Tuesday - Sunay 11am-9pm Monday Closed

Reason for Selling:

Retirement

Owner Operated or Absentee Owner or Flexible:

Flexible

Training Provided:

Yes

Financial Details

Asking Price:

$385,000

Gross Revenue:

616,920

Gross Revenue Range:

$500,000-$1,000,000

EBITDA Range:

$100,000-$300,000

SDE Range:

$100,000-$300,000

FF&E Value (Furniture Fixtures and Equipment):

75000

FF&E Value (Furniture Fixtures and Equipment) included in price:

Yes

Inventory Estimated Value:

$5000

Inventory Value included in price?:

Yes

Vendor Financing Available:

Yes

Real Estate Owned or Leased:

Real Estate Owned

Total Monthly Rent:

$3500

Contact Listing Owner