Italian Restaurant/pizzeria With Property Included For Sale

Description

Restaurant for sale in Connecticut.

Annual revenue is approximately $2 million, with reported NOI of about $250,000.

The restaurant is integrated with Slice and Uber Eats and maintains active social media accounts.

The business also has institutional contracts in place.

Business details

• 24 employees
• Fully staffed operation
• Approximately 2,800 sq. ft. building
• Basement
• 0.77-acre lot
• 30 dedicated parking spaces
• Full liquor license, subject to transfer approval

The current owner also receives a salary from the business. Depending on the buyer’s operating structure, some or all of that expense may be available as an owner add-back.

Revenue comes from dine-in and other restaurant sales, third-party delivery platforms and existing institutional accounts.

A signed confidentiality agreement is required before the exact location is released.