This turnkey family owned and operated Italian restaurant presents an exceptional opportunity for its next owner. They are located in a high-visibility, high-traffic area of Delaware. Since opening in 2014 the current owners have made significant improvements, including kitchen and equipment upgrades and interior renovations, all of which have contributed to their growing reputation and profitability.
Financial Overview:
Gross Revenue: $800,000
Cash Flow: $150,000
Inventory: $30,000 (estimated & not included in list price)
Menu & Cuisine:
The menu celebrates traditional Italian cuisine, with a modern twist. They use premium ingredients sourced both locally and internationally including handmade pasta and many family inspired house specialties.
Property Information:
• Size: 4,559 sq. ft.
• Dining Capacity: 80 seats in the main dining room, with an additional 14 seats at the full-service bar and outdoor patio dining
• Private Dining: Soundproof private dining room perfect for larger groups of 12 – 14. An excellent source of pre-booked, guaranteed revenue through special event hosting.
• Kitchen: Updated with high-quality equipment (full equipment list available upon execution of NDA)
• Liquor License: The current owners rent a liquor license which can be transferred to the new owners along with the business.
• Parking: Ample customer parking available at the rear of the building
• Access: Convenient front and rear entrances
Location & Demographics:
• Situated in a bustling retail center with neighboring office and retail tenants
• Excellent accessibility to Route 202 and I-95
• Average daily traffic (AADT): 9,981
• Within a 5-mile radius: Population: 168,353 Households: 69,000+
• Wilmington population: 70,898 (2020 Census)
This is a rare opportunity to acquire a professionally managed and well-respected restaurant with a strong foundation and significant growth opportunities for a new owner-operator or an investor seeking a solid hospitality asset in a growing market.
Additional information available upon execution of NDA: CIM, equipment list, financial data.
Ad#:2389954
