Profitable and Legendary Italian Restaurant Ready for New Owner!

Asking Price$399,888

Cash Flow

EBITDANot Disclosed

Gross Revenue$1,057,784

InventoryNot Disclosed

FF&ENot Disclosed

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Profitable and Legendary Italian Restaurant Ready for New Owner!


Asking Price$399,888

Cash Flow

EBITDANot Disclosed

Gross Revenue$1,057,784

InventoryNot Disclosed

FF&ENot Disclosed

Business Description
Profitable & Iconic White Tablecloth Italian Restaurant for Sale in Phoenix, AZ! Established in 1985, this Restaurants Boasts Excellent Reviews and a Massive, Loyal Following! $170,000. in Seller Discretionary Earnings and is ONLY OPEN 20 Hours a week! Plus the restaurant is closed 6 weeks out of the year for summer vacation!

Imagine the opportunity to actually own an iconic and very profitable Italian Restaurant For Sale! This restaurant that has been proudly serving Phoenix since 1985! This is truly a rare opportunity for ownership in one of the city's most revered dining establishments. Known for its impeccable cuisine, elegant ambiance, and rich history of success, this restaurant is absolutely poised for continued growth under new ownership.

This established Italian Restaurant For Sale presented by We Sell Restaurants has been in business for nearly four decades with a reputation for outstanding Italian cuisine, sophisticated dining experience, and excellent customers service. Generations of families dine here throughout the years. This is a beloved restaurant to Arizonans and toursists alike.

This scratch kitchen has been featured in local newspapers and magazines, highlighting its culinary expertise and community presence. All recipes, perfected over years of meticulous preparation, are included in the purchase of the Italian Restaurant For Sale. Ingredients are sourced locally for freshness and quality, ensuring each dish is a masterpiece. Strategically located in a vibrant area of Phoenix, the low rent and location cannot be beat!

The dining area provides an intimate and upscale atmosphere. The kitchen is fully equipped, including all necessary equipment to maintain high standards of food preparation. This Italian Restaurant For Sale also has a beautiful wine room and bar.

Training is provided by the current owner of the Italian Restaurant For Sale, ensuring a smooth transition and continuation of the restaurant's renowned culinary traditions.

The owner is a beloved member of the community. Guests are more like family here. The owner is ready to retire after nearly 40 Years of Passion for Italian Food and Outstanding Profits!

This is a unique opportunity for a passionate chef or restaurateur to step into a well established, highly respected restaurant with a loyal customer base and exceptional reputation. The inclusion of recipes and training ensures continuity of the restaurant's signature dishes and service excellence. The many hundreds of reviews are nearly 5 Stars! What a blessing for a new owner to come into this incredible Italian Restaurant For Sale!

The sale of this phenomenal restaurant includes all furniture, fixtures, equipment, and recipes.

Don't miss this extraordinary opportunity to acquire a distinguished white tablecloth Italian Restaurant For Sale in Phoenix, renowned for its culinary mastery and unparalleled dining experience. Take the reins and continue the legacy of excellence in one of Arizona's most iconic dining destinations.

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About the Business
Years in Operation
41
Employees
12 (7 Full-time, 5 Part-time)
Facilities & Assets
12 ft hood, walk in freezer, Toaster, 2 sandwich tables with cooler and lids, Office, Office Chair, Liquor cage, 3 refrigerators by back area office, 2 compartment stand up freezer, 2 door clear glass fridge, espresso machine, coffee maker, shelving, single glass door refrigerator, 12 burner stove, 1 refrigerator with 4 burner grill on top, 1 fryer, grill, pots, pans, 2 tables in kitchen, hot burners, 3 compartment sink, sink sprayer, floor mats, various cambros with various shapes and sizes, various ladles, various containers, plates, dishes, glassw...
Website
https://www.wesellrestaurants.com
Market Outlook / Competition
There are no other restaurants in the center and there is excellent visibility from the very busy street.
Opportunities for Growth
The new owner can add brunch and lunch on the weekends. The new owner can also and open more hours during the week. Adding take out and doing catering could also bring in more revenue.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
1,800
Rent
$3,804.00 per month
Lease Expiration
5/1/2030
About the Sale
Seller Motivation
Retirement
Transition Support
Two weeks training.
Listing Info
ID
2413712
Listing Views
1080

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Business Listed by: Doreen Gorman We Sell Restaurants

Listing ID: 2413712 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.