not disclosed Utah Business for Sale
Italian Restaurant |
| not disclosed, Utah |
For decades, this high-end Italian dining establishment has served authentic Italian cuisine. They believe in preparing fresh sauces, dressings, home made ravioli, lasagna, cannelloni and more. Their motto is "hands on," in both the kitchen and dining room.
This restaurant's prime address has been a very successful restaurant location for well over 60 years. The parking lot has 40 stalls, which gives them a big advantage over other locations. They also have a shady and tranquil outdoor patio, providing a dining experience with a sense of relaxation unmatched in other locations.
Their customers have been affluent middle class people such as doctors, lawyers and other business types, although with the struggling economy, even these people are spending less on dining out. With some creativity and renewed energy, good dishes can still be prepared without compromising taste and quality, but the owners do not have the desire or energy to make the changes necessary to address the changing markets. After over 30 years, they are ready to retire and give a new owner an opportunity to take this well-established restaurant in a new and more profitable direction, capitalizing on the existing loyal customer base. From all reports, the economy is beginning to turn around and Utah is classified as one of the best locations for business growth. A new owner with vision and dedication could have an incredible opportunity for stellar success with this well priced business. |
|
Financials |
| Price: $140,000 |
| Gross Income: $322,086 |
| Cash Flow: $68,328 |
| FFE: $33,098 |
| Inventory: $4,000 |
| Real Estate Value: $0 |
| Source Data: |
About the Business |
| Listing ID: #183 |
| Year Established: 1980 |
| Financing: for a qualified buyer, seller will finance $70K |
| Training: negotiable as needed |
| Facilities: |
| Competition: |
| Growth: |
|
| Business Listed By |
| Name: Coldwell Banker Mergers & Acquisitions |
| Company: Coldwell Banker Mergers & Acquisitions |
| Phone: 801-947-8383 |
|
| The information in this listing has been provided by the business seller
or representative stated above. The Business Broker Journal has no stake in the sale of this business, has not verified the accuracy, completeness, and assumes no responsibility for this advertisement. Read our Terms and Conditions for more information. |
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