Middle Georgia Italian Restaurant in Historic Downtown District w/Brick and Wood Fired Ovens – $160,000 Net – Buy or Lease

by Steven Josovitz

Post image for Middle Georgia Italian Restaurant in Historic Downtown District w/Brick and Wood Fired Ovens – $160,000 Net – Buy or Lease

1827

Middle Georgia Italian Restaurant in Historic Downtown District.

Well Established.

One Owner almost ten years.

Two level building with main floor at 4,000/sf with main kitchen and seating for 70.

Second level at 1200/sf and seating for 75.

Adjacent connected building has additional kitchen and seating for 86.

Million dollar building includes state of the art kitchen, wood fired oven and brick oven.

2016 Gross Sales at $1.38mm with net at $160,000.

2017 Gross Sales numbers coming in at approximately about $110,000 per month with net to Owners of between $14,000 to $15,000 per month.

Net profit numbers are after all expenses and full staff.

Menu is broad but pizza only accounts for 25% of sales.

Restaurant serves beer and wine so adding liquor could add sales along with opening on Sunday.

Rent in business sale only is $7500 all in.

Priced at $349,000 for business or $1,500,000 for business and real estate.

 

 

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