Italian Restaurant & Bar

Reference Code 0416

This is a great opportunity to own a well-established, beautiful, Italian Restaurant & Bar in Macomb County! Long established and well-known, this Restaurant & Bar is located on a highly traveled road surrounded by plenty of residential and commercial properties with endless growth possibilities. Recently remodeled, all kitchen equipment is in excellent condition and serviced regularly. Center built bar area shows beautifully dividing 2 separate dining room areas! Full menu with large selection of wines and spirits! Owner does not advertise… a new owner/operator with some creative advertising/marketing along with opening Monday and Tuesday along with extending the hours of operations, opening for lunches, adding catering, deliveries, live music/bands on weekends, drink specials/happy hour and private parties, you have HUGE potential to the already solid gross sales. Seller has another restaurant and cannot devote much time to continue operating both businesses. A must see/must have business that will not disappoint! Turn-key operation only needing a new owner/operator. Seller will entertain all reasonable offers and train new owner!

Business Location Macomb County, MI

Gross Sales $1,200,000 Cash Flow $250,000 Business Price $399,000 Down Payment $150,000 Monthly Payment $2,764.41 Interest Rate / Amortization 6% int., amortized over 120 months License Required Sales, Food, Class C Inventory Value $40,000 Employees Full Time 5 Employees Part Time 10 Date Established 2016 Hours of Operation Wed-Sun / 3pm-10pm Rent $5,866.66 Gross Lease Period 12/2022 Reason for Sale Owns other Restaurants