Listing Number: 12451-907661
Description
Key Investment Considerations:
• Gross Revenue of $900K in 2019.
• Average Seller Discretionary Earning of $134K in past 3 years and will be proved by seller.
• Nationally recognized
• Huge following from multiple cities and states.
• The only authentic Italian bakery and restaurant with live music in the area.
• Current owner started business in 2006
• Excellent location in the middle of shopping center, golf courses, business and residential area of Virginia Beach/Sandbridge.
• Location is within 3 miles from Virginia Beach oceanfront.
• Reason of sale: retirement.
• All recipes are recorded and will be passed to new owner.
• 5 income streams.
• All furniture, fixture & equipment ($150K) are owned free and clear.
• All new POS system was purchase in 10/2018
• All year-round business without seasonality
Original and current owner started this authentic Italian bakery & restaurant 2006 and it has been a landmark of Virginia Beach and surrounding area. It is a turn key operation. Seller offers the business in the market for health reason. Great growth opportunity is available through additional catering service to business and local events. Potential is great for someone with the energy and right mind set to see the awesome potential of this restaurant.
5 Income Streams;
1. Full Service Restaurant
2. Pastry, Cakes & Bakery
3. Wine & Beer (on and off premises)
4. Coffee & Beverages
5. Catering
Listing Details
- Price: $ 350,000
- Down Payment: $100,000
- Sellers Discretionary Earnings: $ 138,434
- Total Sales: $ 933,250
- Location: Virginia Beach City, Virginia
- Inventory: $ 8,000
- FF&E: $ 150,000
- Employees: 13
- Year Established: 2006
- Reason for Selling: RETIREMENT
- Category: Restaurants
