Italian Restaurant For Sale – Concord, North Carolina
Italian Restaurant for sale in the Concord, North Carolina area for $455,000! Pre-approved for SBA financing with as little as $155,000 down (financing variable depending on buyer’s experience, liquidity, and credit score)! Established business opportunity, currently grossing an estimated $678,287 and nets $104,574. Income based on an owner/operator role. Includes all kitchen equipment and restaurant fixtures. Turnkey business with a loyal customer base and excellent reviews. Located in a busy shopping plaza near a grocery store, gas station, dentist’s office, nail salon, hair salon, and more. Restaurant currently offers an Italian and gourmet pizza menu for dine-in, take out and delivery. Plenty of growth opportunity for this business!
Frequently Asked Questions:
What is the current gross revenue for this restaurant?
The current gross revenue being generated is estimated at $678,287.
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?
Yes, this business has been pre-approved for financing of up to $300,000 (as little as $155,000 down is variable depending on buyer’s experience, liquidity and credit score). Buyer must also meet the minimum SBA requirements for lending to include: a minimum credit score of 680 and relevant experience in the restaurant industry, or some type of previous management experience from another industry. View SBA loans or more 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, repairs and maintenance, supplies, food, utilities, property rental fees, bank charges, janitorial expenses, outside services, 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 have 7 years remaining. 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 the Concord, North Carolina area. 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: wine station, stoves, fryers, walk-in freezer, kitchen shelving and prep station, televisions, tables and chairs, kitchenware, and much more. Estimated value is $100,000.
What is the size and how many customers can this restaurant seat?
The restaurant is 2300 sq.ft and can seat approximately 65 inside.
Does this restaurant currently have a beer or liquor license?
Yes, there is a beer and liquor license included with this sale.
Does this restaurant offer drive-thru or delivery service?
There is no drive-thru but the current owner is offering delivery service and catering service.
How long has the seller owned the restaurant?
Seller has owned this restaurant for 3 years.
Why is the owner selling?
Owner is relocating.
What are the hours of operation?
This restaurant is open from 11am – 9pm Monday to Thursday, 11am – 10pm Friday to Saturday, and 11:30am – 8pm Sunday.
What type of neighboring businesses are in the area?
Neighboring businesses include a grocery store, gas station, dentist’s office, salons, and other businesses.
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 and excellent reviews. Includes the cost of all equipment. Huge opportunity to increase revenue! Priced at $455,000. 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.
North Carolina Concord North Carolina United States