Italian Restaurant for sale in Bealeton, Virginia for $175,000! Established business opportunity, currently grossing an estimated $177,064 and nets $47,826. Income based on an owner/operator role. Restaurant has been in this location for over 10 years. This restaurant benefits from an excellent location at a busy cross section with neighboring commercial and residential properties. This restaurant can seat 80-100 inside. Restaurant is currently open for lunch and dinner. Huge growth potential which the current owners have not had time to maximize.
Frequently Asked Questions:
What is the current gross revenue for this restaurant?
The current gross revenue is estimated at $177,064.
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?
There is no seller financing. However, if financing is needed for startup cost you can review 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: royalties, payroll, payroll taxes, workers compensation, advertising, supplies, food, utilities, property rental fees, permits and licenses, phone, and insurance.
What type of insurance do I need?
In most cases restaurant owners will need a minimum of the following insurance policies: business liability, worker’s compensation and business property insurance. Restaurants For Sale now offers discounts on insurance! Through our size and volume, we have partnered with some of the largest insurance brokers in the nation to offer the best rates. Request Your Free Insurance Quote Here.
Is the restaurant property owned or leased?
Currently the owner leases the property. Lease terms remain for 10 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 Bealeton, Virginia. 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: large freezer, small freezer, low boy reach in, pizza oven, pizza prep table, flat top grill with dual oven, fryer, salamander, dish washer, ice machine, kitchen utensils, tables and chairs, silverware etc.
How many customers can this restaurant seat?
The restaurant can seat 80-100 inside.
Does this restaurant currently have a beer or liquor license?
This restaurant holds a beer/wine license.
Does this restaurant offer drive-thru or delivery service?
There is no drive-thru or delivery service.
How long has the seller owned the restaurant?
Seller has owned this restaurant for 10 years.
Why is the owner selling?
Owner is selling due to a change in family circumstances.
What are the hours of operation?
This restaurant is open for lunch and dinner daily.
What type of neighboring business are in the area?
Neighboring properties include retail stores, dining, commercial and residential properties.
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 in a great location! Move in ready. Restaurant has a loyal customer base. Includes the cost of all equipment. Huge opportunity to increase revenue. Priced at $175,000! 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 Seller’s 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.