Italian Restaurant For Sale | Lexington, North Carolina
Italian Restaurant for sale in Lexington, North Carolina for $140,000! Seller financing with $80,000 down. Well established business opportunity, currently grossing an estimated $541,960 and nets $88,796. Income based on an owner/operator role. Restaurant is operating with 9 employees that are willing to transfer if given the opportunity. Includes all kitchen equipment and restaurant fixtures. Turnkey business with a loyal customer base. Restaurant has seating for 100 inside.
Frequently Asked Questions:   Price: $140,000   Cash Flow: $88,796   Financing: Yes   Listing: Active
What is the current gross revenue for this restaurant? The current gross revenue being generated is estimated at $541,960.
How does the restaurant profit? Current profits are generated from the gross revenue, minus food purchases, payroll, supplies, and operating expenses. This will determine your net/cash flow.
Can I finance this restaurant? Seller will finance up to $60,000. Terms to be discussed. This business may qualify for a business or SBA loan. However, if financing is needed for startup cost you can review Additional Financing Options Here.
What are my expenses and overhead for a restaurant business? Expenses will vary for each restaurant owner depending on the type of restaurant, number of employees, and location. Current expenses for this owner include: payroll, payroll taxes, workers compensation, advertising, supplies, food, utilities, property rental fees, permits and licenses, phone, and liability insurance.
Is the restaurant property owned or leased? Currently the owner leases the property. Lease terms remain for 2 years. New owner must be approved by the landlord. Note: New buyer will negotiate and sign lease terms with the property owner.
Where is the restaurant located? This restaurant is located in Lexington, North Carolina. Physical address will be released to qualified buyers upon execution of an NDA.
What type of equipment is included with the sale? Current list of equipment includes: refrigerators, freezers, ovens, stovetops, mixers, pizza oven, deli cases, food prep stations, various shelving units, various table types and accompanying seating, outdoor furniture, ice machine, beverage station, sinks, hoods, drying racks, sound system, smallwares, office equipment, POS system and much more. Estimated value is $70,000 .
What is the size and how many customers can this restaurant seat? The restaurant is 2700 sq.ft and can seat 100 inside.
Does this restaurant currently have a beer or liquor license? No, the restaurant does not currently have a liquor license.
Does the restaurant offer drive-thru or delivery service? The restaurant currently offers a delivery service but there is no drive-thru.
How long has the seller owned the restaurant? Seller has owned this restaurant for 2 years.
Why is the owner selling? Owner is relocating.
What are the hours of operation? This restaurant is operated from 11am to 10pm Monday through Sunday.
What type of neighboring business are in the area? Surrounding businesses include convenience stores, bank and a school.
What do you recommend when purchasing a business? When purchasing this type of business we recommend forming some type of entity such as an LLC or Corporation to do business under. This not only offer protection for your personal assets, but also ensures protection of your business. If you need help forming this, we recommend that you Form A Corporation Here.
What else should I know? Established Italian restaurant! Turnkey and move in ready. Restaurant has a loyal customer base and offers dine-in, take-out and delivery service. Includes the cost of all equipment worth an estimated $70,000. Plenty of opportunity to increase revenue. Priced at $140,000. Seller financing with $80,000 down. For additional information and to evaluate this business further Contact Us About This Restaurant Here!
Disclaimer: Restaurants For Sale is a Restaurant Broker that brings buyers and sellers together. Restaurants For Sale does not represent, or is not affiliated with the company or franchise being offered. All agreements are made between the buyer and seller and not Restaurants For Sale. It is the prospective Buyer's duty and obligation to verify the accuracy of the Sellerís representations and if necessary retain attorneys, accountants, business appraisers, or other professionals. The representation of income is based on the efforts of the current owner. As with any business you can make more or less.