Catylist ID: #30352460
Iconic Shelby County Italian Restaurant For Sale
Undisclosed Address, Tennessee
Business Opportunity for Sale
|Catylist Listing ID:||30352460|
|Property Subtypes:||Food and Beverage|
|Building Size (RSF):||4,679 SF|
|Name of Establishment:||Iconic Shelby County Italian Restaurant|
|Year Business Established:||1995|
|Gross Revenue:||$1,000,000 (Annual)|
|Cash Flow:||$173,000 (Annual)|
|Cash Flow Type:||EBITDA|
|Sale Terms:||Cash to Seller at closing|
Overview / Comments
Fantastic opportunity to own an Authentic Italian Restaurant with full bar in a Memphis Suburb. In business for decades, this very popular restaurant is a favorite for tourists and locals alike. Menu includes classic Italian pastas, pizza, appetizers, steaks, chicken and seafood entrees, salads and desserts.
Located on a very popular main street with high visibility, traffic counts and plenty of free parking. Ideal opportunity for an experienced restaurant professional to jump into this turn-key profitable business.
This is a Confidential Sale- Interested parties will be required to sign a Non-Disclosure Agreement (NDA) before receiving additional information.
Real Estate is not included with the sale. There is a term lease in place. Transfer must be approved by Landlord.
|Reason for Selling:||Retirement|
|Value of Inventory Included ($):||$28,000|
|Value of Furniture, Fixtures, and Equipment ($):||$179,000|
|Real Estate Status:||Leased|
|Value of Real Estate Included ($):||$0|
|Real Estate Lease Description:||4670sf in high traffic neighborhood shopping center.|
|Competition/Market Description:||There is very little competition in the area for authentic Italian food. There are many other restaurants in the immediate area, but most as QSR and/or franchises. There is a demand for non-franchise, family-owned, old-style cooking.|
|Growth/Expansion Opportunities:||Great opportunity for growth with catering, longer open hours and more aggressive marketing.|
|Proximity:||3 miles||5 miles|
|The information presented herein is provided as is, without warranty of any kind. Neither Catylist nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.|