Family Owned Italian Restaurant with Real Estate For Sale
Spacious building with capabilities for outdoor dining
Listing Number: 1663
Financial Information
Asking Price: $699,900
(includes equipment $650,000)
RE Price: $2,300,000
Gross Revenues: 2,900,000
Owner's Cash Flow: $233,000
Business Description
A family owned full-service Italian restaurant servicing several towns in Worcester County is available for sale! This well-known single-site restaurant with over 14,000 SF of space has offered fine in-house dining for over 37 years and has built a solid reputation for quality food and service. Its menu consists of both modern and traditional Italian dishes served by a dedicated staff committed to ensuring the best dining experience. The business is also known for its lively bar scene which features indoor and outdoor seating along with a spacious and elegant banquet center that is available to rent for weddings and other special events. Due to COVID-19’s mandated closures, the owners have recently performed an estimated $80,000 in upgrades and improvements to the building and its fixtures. The restaurant offers outdoor dining through its spacious patio that accommodates 65 guests and has a large capacity for inside dining.
Growth & Expansion Opportunities
Focusing on delivery & pick-up sales and establishing working relationships with third-party delivery platforms will significantly drive growth. Prioritizing safety for in-house dining by taking advantage of its generous space to implement safety protocols will contribute to growth.
Contact Information
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Brian Labonte
info@mabusinessbrokers.com
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