Upscale Italian Restaurant in Southern Arizona
Very Profitable
This beautiful Italian restaurant is in excellent condition. The interior and furnishings look like new. The seller invested approximately $250,000 to build out and furnish the restaurant to its present condition. There is a piano in the dining room with live entertainment that can be seen from almost all seating in the restaurant, including the bar area. The outside smoking patio is also used for weddings and other occasions.
With key employees on duty, the owners are able to take about two months vacation per year. The owner says this business is set up so that an operator with no prior restaurant experience could manage it easily.
The restaurant has security cameras with DVR Remote & PC Anywhere, and the owners are able through their computer to watch all operations from any internet hookup. They are also hooked up to Central Alarm which costs $43 per month. There is a maintenance contract on the security system for all updates and repair, which costs $600 per year. Asking price: $375,000
Down payment: $300,000
Monthly Payments:
$2,332.96
2007 Receipts: $669,294
Annual adjusted income: $144,842
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