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Owner Absentee Italian/Pizza Restaurant! SBA Approved!

Rutherford County, TN

Asking Price: $265,000

Cash Flow: $186,705
Gross Revenue: $888,076

Business Description

Outstanding sales and profits/Owner Absentee! Exciting opportunity to own a full service family style Italian Restaurant & Pizza Shop in the heart of rapidly growing Rutherford County, Tennessee! The area is booming and will continue this trend benefiting from ongoing housing and business growth and development. This business is an excellent venture for expansion via ownership of additional franchise locations. May be possible to convert to a a stand alone (non franchise) restaurant. Owner will consider selling the real estate as an option.• Serves Authentic Italian Cuisine • Delicious Desserts, famous especially for a huge variety of Cheesecakes • Inviting, friendly atmosphere—where the young & old, student or business professional, small groups & large parties love to gather • Hosts a variety of seating options, including outdoor tables, booths, multiple options for indoor tables and a private large party room • Lots of opportunities to be involved in community activities • Casual and friendly décor with fabulous build out in private room which includes ceiling beams and a fireplace (Seller owns building) • Offers Take Out, Delivery and a Full Service Catering for offsite events and parties. • Cakes and Bakery Items can be bought on site or special ordered

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Building SF:
6,452
Employees:
9+
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The seller owns the building and there may be an option to purchase it. 6,452 sq foot of space includes a spacious kitchen, a bakery display case, a large private party room with beamed ceiling and fireplace, multiple main seating options and an outdoor patio area. Rent terms to be negotiated with seller. The location is excellent– on a busy road with good street visibility. No near term capital improvements anticipated. Estimated market value of real estate is $1,161,360 (option to buy). 1.43 acres and ample private parking.
Competition:
Lots of restaurants but the growth in town can handle it. This is one of the few restaurants that serve authentic Italian cuisine as well as Greek food and Pizza. Also, the variety of seating options and private room are a big plus!
Growth & Expansion:
The restaurant owner has done a good job marketing however, she lives far away. A new local owner could really drive sales of group events, catering, bakery sales and delivery etc. as well as a push on website and social media marketing.
Support & Training:
The owner is willing to provide training and transition. The franchise also provides support. Please keep in mind that the restaurant has an experienced long term manager as well as experienced kitchen staff and payroll can be handled by the franchise as well.
Reason for Selling:
The owner does not live in the area and has a family member with medical issues.
Franchise:
This business is an established franchise
This listing was added 05/29/2018

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