Well-Established Italian Restaurant

Nutshell Facts of the Business:
Concept: Italian and Mediterranean cuisine
Sales (last 12 months): approx. $650,000 gross.
Years in Business: opened in 1991
Seating Capacity: 180 Main Dining Room; 60 in Banquet Room; 4 tables outside.
Lease: At $4,000/month +CAMS, rent is competitive for this attractive, nicely proportioned space. One year remains on the lease with a five year option.
Leasehold: The total area is about 4,500 sqft.
License: full service liquor, wine and beer
Location: Wilmington, NC
[Vibrant and growing Wilmington is a famous beach town with a sizable university , deftly blending the modern with deep southern tradition. It has a broad and diverse cultural scene and has received numerous national awards as a quality place to live].

Hours of Operation: Mon 4:30pm-9:30pm :: Tues-Thur 11am-9:30pm :: Fri-Sat 11am-10:30pm :: Sun 11:00am-9:30pm

Reason for Selling: Owner has other demanding business interests

. . . .

This excellent restaurant is one you'll be proud to own. In business for over 20 years, this represents a well-established, branded local tradition with a strong cadre of loyal customers and returning vacationers. It also has an excellent, diverse menu (see photos). 

Key Points to Consider:

    ◘ restaurant has attractive end cap location in strip mall on busy main thoroughfare

    ◘ good demographics; high traffic counts

    ◘ many shopping attractions nearby

    ◘ catering is offered (can serve a sit-down of 250)

    ◘ 24 burner range for saute dishes

Owner is occupied with other business ventures and is not a full-time professional restauranteur. He readily acknowledges great untapped upside potential, specifically in the areas of increased bar revenues, large catered events, on premises wedding receptions and other private room utilization and augmented marketing initiatives.

. . . but he has "set the table" for you as a the new owner.

The acclaimed menu (with many recipes unique to the restaurant) is set.The necessary licenses and permits are already in place. The risk of the initial financial investment and hard work requisite to success has all been done for you. The brand is firmly established and favorably recognized, and competition in its niche is surprisingly minimal.

This business is now presented here to you - incredibly full of upside potential for you to develop (revenues increased 6% in 2015!), yet properly priced to sell; could this perhaps finally be the beach life-style opportunity you have long been seeking?

Demographics

Disclaimer