Business Summary

Asking Price: $850,000
Gross Income: $1,900,000
Cash Flow: $250,000
EBITDA: N/ A
FF&E: $250,000
Inventory: N/ A
Real Estate: N/ A
Established: 2003
Employees: 35

Business Description

A Moxie exclusive Italian Restaurant that seats 120 guests with bar, and catering room. Grossing 2 million a year in a hot business/ corporate location. This 3800 sf has 35 employees and is ran owner absentee. All numbers are verifiable and rent is $8400 with taxes. Owner is selling because he has another restaurant he is running. This an great opportunity for an owner operator to cut payroll ($884,000 a year) and make more money.

Historical Summary: The owners been there for 5 years and the restaurant has been there for over 10 years.

Detailed Information

Furniture, Fixtures, & Equipment (FF&E):Included in asking price.

Competition: Corporate and business area with not many restaurants in area.

Growth & Expansion: Owner operator can increase bottom line easy.

Financing: Looking for $500k down.

Support & Training: 2-4 Weeks

Reason for Selling: Personal reasons.

Property Details