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  • Listing No.: 201-10052

  • Category: Food - Restaurant

Asking Price $160,000
Down Payment
Gross Revenue $573,362
Total Adjusted Net Income $43,527
Equipment / Fixtures $80,000
Year Established 2017
General Location
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Upscale classy Italian Restaurant with a great reputation. Full service dinning and carry out menu. Located in the heart of Charlottesville, with parking. The chef creates authentic Italian food daily, all fresh ingredients, sourced locally for sustainability and quality. Classic full service bar and talented staff. Seating for 70 plus, with a private room for bar available for reservations. This restaurant is fully staffed with long term personnel focused on customer satisfaction.

Gross Revenue $573,362 Listed Price $160,000
Total Income $43,527 Down Payment
Base Rent $5,000 Square Feet 2962
Total Rent $5,000 Lease Expiration 8/2020
Rent Deposit $5,000 Lease Options 2/5
Inventory $3,000 Leasehold Improvements $100,000
Equipment / Fixtures $80,000 Other Assets
Full-Time Employees 6 Training Period 1 month - 30 hours a week
Part-Time Employees 10 Special License Required Health License, Business License
Contract Staff Reason for Selling Retirement

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.