Modesto Businesses for Sale
Italian Restaurant with ABC license for Sale in Turlock CA
Business Description:
* One of the finest Italian Restaurant for sale in Turlock CA - Stanislaus County.
* The restaurant has good size dining area and sepreate wine serving area with wine casing.
* The restaurant sale include the On-Sale Beer & Wine license.
* The restaurant is run by an old Italian couple and its time for their retirement and journey back to home.
* The gross sale is estimated about $306,000 per year as per seller.
* As per seller, the progit margin is about 75% of the total sales.
* The sale include all furniture, fixtures, and equipment on the location.
* There is good potential of increase in sales as current owners because of their age don't open the restaurant in morning hours sometimes and the new owners consistency on business hours may help the sales.
* Rent is about $2500 per month all inclusive.
* Lease: Buyer can get 5 years lease or more option (negotiable with landlord).
* As per seller, net income: $95,000 per year.
* SELLER WANT TO SELL THE RESTAURANT AS SOON AS POSSIBLE, SO MAKE YOUR OFFER TODAY !!
Business & Real Estate Associate Nirvail Singh DRE License #01853125
Lease
Financials
Operations
S-Sun: 11am to 2pm
Facilities
Highlights
- Seller Motivated to Sell.
- Cleanest restaurant with good reviews in the town.
- One of the best Italian Restaurant in the area.
- Old couple wants to retire and go back to their home country.
- Established name in the community.
Financing
Demographics
| Population | 3-mi. | 5-mi |
|---|---|---|
| 2014 Total Population | 43,083 | 80,220 |
| Households | 3-mi. | 5-mi |
| 2010 Number Of Households | 13,231 | 25,556 |
| 2010 Persons Per Household | 3.09 | 2.98 |
| Median House Value | $159,300 | $193,059 |
| Income Per Household | $40,564 | $52,548 |
| Businesses | 3-mi. | 5-mi |
| 2009 Number Of Businesses | 1,001 | 1,436 |
| 2012 Number Of Employees | 30,102 | 41,522 |
| 2012 Total Annual Payroll | $480,418,000 | $702,379,000 |
click for more demographic info
Disclaimer
ADDITIONAL LISTING INFORMATION: NOTICE TO BUYERS: This business opportunity and/or real estate is listed by Western Singh Business Brokers ("Broker"). Visitor ("Buyer") understands that Broker or its agent(s) does not audit or verify any and all above mentioned information (not limited to sales, building size, lot size, margins, profits) given to or gathered by Broker or its agent(s) or make any warranty or representation as to its accuracy or completeness, nor in any way guarantee future business performance. Buyer is solely responsible to examine and investigate the Business, its assets, liabilities, financial statements, tax returns, and any other facts which might influence Buyer's purchase decision or the price Buyer is willing to pay. Any decision by Buyer to purchase the Business shall be based solely on Buyer's own investigation and that of Buyer's legal, tax, and other advisers and not that of Broker or its agent(s). Any listing information may change at any time without any notice. Buyer acknowledge that by using this website and inquring about any listings on this website shall not establish any agent and principal relationship between Western Singh Brokers and the Buyer. Western Singh Brokers is or will always be exclusive agent of seller only during any discussions or activities related to any listings on this website.
Western Singh Business Brokers helps buy and sell businesses for sale like gas stations, liquor stores, convenience stores, grocery stores, local markets, coin laundry, tabacco shop, cigarette stores, smoke shops, restaurants, and franchise businesses. Western Singh Business Brokers is serving in california in areas like modesto, sacramento, stockton, ripon, manteca, lodi, lathrop, elk grove, galt, tracy, livermore, dublin, pleasanton, alameda, merced, madera, ceres, turlock, hilmar, gustine, newman, los banos, delhi, denair, livingston, clovis, fresno, tulare, sonora, jackson, amador, roseville, placer county, el dorado hills, citrus heights, and other northern california area.
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