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Listing #3170Elegant Casual Italian Family Restaurant w/Real Estate & Assumable SBA Loan of $950,000











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CALL FOR THE PRICE! If you've been looking for a classy Italian restaurant where you're the landlord, then you've got to take a look at this business that includes the real estate. There is approximately $1 million of assumable loans on the property.

The restaurant has built a Long Standing reputation of great food, service, and experience throughout the Mesa community.

There are 5,300 Sq. Ft. in this stand alone building that was built in 2008.

This restaurant is located in a high growth and upscale area of Mesa Arizona and has been in business for more than 10 years in the Mesa area and moved to this new location in 2008.

Over the years, as their business blossomed, they outgrew their original location. In 2008 they made a short move to a beautiful, brand new facility that added a new elegance and ambience to their reputation for outstanding cuisine, value and service. The beautiful entry foyer leads to the main dining room featuring booth seating, as well as flexible table and chair combinations. There is a small intimate bar area where beer, wine and liquor is served (license #12).

Just past the fountain the rear dining area looks out onto the patio and outside play court and can accommodate private parties and large groups up to fifty in the flex dining space as well as regular diners.

The entire restaurant is filled with natural light, dark woods and intimate spaces. The exceptional kitchen is state of the art and fully equipped to accommodate the busy dining room, take out and catering as well. The kitchen is huge and features two complete cooking lines for hot and cold preparation. In addition there is a complete pizza bakery.

The owners wish to return to the Midwest creating a unique opportunity to purchase this turnkey business. The price includes the real estate and business.

The monthly cost to purchase this property is actually less than comparable leased space and there is nothing to build out, equip or furnish. The assumable SBA guaranteed loan features an interest rate of prime + 2.75%. This equates to current monthly payment of approximately $6,500 or only $14.75/sq ft. The restaurant features 5,300 square feet of beautifully finished space in a free standing building and a business that is growing and thriving. The facility is only two years old and has been meticulously maintained.

This is an opportunity to purchase a thriving business in a great location at an affordable price and great financing.





General Information Highlights
Listing Status: Expired
Location: AZ Tempe ~ Chandler ~ Gilbert ~ Mesa
Last Year's Annual Gross: $895,000
Last Year's Adjusted Net: $249,153
Liquor License: #12
Indoor Seating: 135
Outdoor Seating: 20
# of Part-Time Employees: 6
# of Full-Time Employees: 12
Hours Open: Sat& Mon 4-10 Tues-Fri 11-10 Sun: 4-9
Year Established: 2002
Inside Sq. Ft.: 5300
Outside Sq. Ft.: 1000
Lot Sq. Ft.: 6600
Hood System: Yes
General Information Highlights
  • Southeast Valley Italian Restaurnt
  • Price includes Building, Land and Business
  • Low interest Rate Assumable Loan
  • Complete Turnkey Operation
  • Located in Growing Southeast Valley
  • Dine in-Take Out - Catering - Banquets
  • Class "A" space beautifully Finished and Furnished.
  • A Valley Favorite for over a Decade
  • #12 License
  • Fully equipped State of the Art Kitchen
  • Loads of Parking
 
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The information contained in this offering profile was provided by the Seller and is believed to be accurate. SellingRestaurants has not verified the information and therefore makes no representations or warrantees as to its accuracy or completeness. This profile is subject to the Confidentiality Agreement and Disclaimer as agreed to and acknowledge by the Buyer. Please note: (1) Sq. ft. is estimated (2) Adj. Net represents the last year's owner's cash flow (3) Annual Payroll is last year's and does not include any owner wages.

 



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