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Listed by:

Colliers International

Italian Restaurant In Salt Lake County For Sale

Salt Lake County, Utah, US
Asking Price:
$299,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$572,455 (USD)
Cash Flow:
$42,204 (USD)

This Italian restaurant has been a Salt Lake valley favorite for 20 years and is located in a busy retail neighborhood with great visibility to a major thoroughfare. It has an outstanding reputation for innovative, authentic home-style cuisine and outstanding service. Over 80% of their business is with repeat customers and they are very family friendly. They enjoy a 4.5-star rating. They have a full restaurant liquor license -- the new owner would need to apply with the UDABC to transfer the license.
The décor has an authentic Italian ambiance and feel. The dining room seats 215 inside and there is room for up to 150 on the outside patio. They can easily handle large dinner groups and have private rooms for special occasions.
There is room to grow by increasing social media exposure and marketing to increase the catering opportunities. Despite the pandemic, the restaurant was able to maintain profitability in 2020. Seller may consider some financing for a highly qualified buyer.

Property Information

Real Estate:

Lease

Premises Details:

approx. 6,800 sf

Business Operation

Reasons for selling:

health issues

Trading hours:

Mon-=Th 11:30am-9pm, Fri-Sat 11:30am-10pm, Sun 12-9pm

Employees:
3 FT, 15-18 PT
Years established:
1997

Other Information

Support & training:

negotiable as needed

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

some seller financing may be negotiable for a qualified buyer

Furniture / Fixtures value:
$60,000 (USD) - included in the asking price
Inventory / Stock value:
$6,000 (USD) - included in the asking price

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