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17546-Fantastic Authentic Italian Restaurant

For Sale in PA

Financial & Assets Details

$588,620
$82,971
$77,000
Yes

About the Business

2006
29
Yes

Business Description

Motivated seller due to health! Located in Center Township, Pennsylvania, this restaurant offers authentic Italian, pasta, steak, and seafood dishes. Located on top of Brodhead Road with a large stone patio, it is conveniently located with high traffic and visibility to a new medical center, Shell plant and the local government seats. There’s over 8000 new residents moving into the area to work at the Shell Plant, 5 new hotels have been built within walking distance to the restaurant and it’s near Penn State University. The location totals nearly 8,000 sq. ft., with ample dining amenities and kitchen space. Started in 2006, it continues to attract customers with its relaxing atmosphere and incredible location. Since its inception, the company has grown exponentially, with the majority of its revenues coming from repeat business and strategic market capitalization in its geographic market. The customer base consists primarily of local and regional residents, as well as tourists, seeking quality, authentic Italian dishes, steak, and seafood. The company has a proven track record of being able to stay ahead of market trends by capitalizing on repeat business methods from local area residents, in lieu of relying heavily on tourist traffic. By providing catering services within five miles, they maintain an even higher presence in the market by being able to capitalize on higher ticket requests. In 2018, the total revenue was $588,620, with Seller’s Discretionary Earnings of $82,971. The company continues to have strong revenue growth and profits year after year with no sign of slowing down. The ownership believes that its quality reputation, service, operational capabilities, and diversity in the marketplace has attributed to continued success. There are many opportunities presented for new ownership to continue growth with minimal capital infusion.

Seller Financing

Negotiable for the right buyer

Support & Training

The owner will be available as needed for a standard transitioning period.

Reason for Selling:

Health issues

Listing ID: 17546-Fantastic Authentic Italian Restaurant

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