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Disclaimer: This site is hosted by Marathon Management Services, LLC (MMS). Each Sunbelt office is independently owned and operated. The information in this listing has been provided to the listing Sunbelt office by the business seller and should be verified by a qualified third-party. MMS, including its affiliates, has no stake in the sale of the business, has not verified any of the information and, therefore, assumes no responsibility for its accuracy or completeness. Read MMS's Terms of Use before responding to this advertised listing.
PDFItalian Restaurant with Real Estate Included
Listing ID:
COACHCA001-N376
COACHCA001-N376
Sunbelt of Coachella Valley- Palm Springs
View all listings from this officePhone: (760) 568-1511
Fax: (760) 776-2590
The following broker is assigned to this listing:
Richard Smetana
coachellavalley@sunbeltnetwork.comCell: (760) 333-1118
Real Estate License ID: 1441594
Description
Landmark Italian Restaurant & Property for sale in heart of City of Indio, California. Located on famous & busy street. Voted Coachella Valley’s Favorite Italian Restaurant, Favorite Pizza for Seven Years in a row. Excellent staff in place & want to remain with business including chefs. Owners greet customers when at restaurant, want to retire. Restaurant opened in 1966 and current owners since 1994. Open pizza kitchen in front & prep kitchen in back. Main dinner room seats & private party room seats 55. Covered outside patio.
Property is .40 acres. Owners prefer to sell property & business, but business asking price is $230,000 with strong experienced buyer with collateral. Restaurant & Pizzeria is one of the most popular Italian restaurants in Indio. It specializes in serving the freshest, highest quality ingredients, consistent daily preparation of the food and the serving of the food in the best manner possible. Check out this landmark popular restaurant with property for sale.
Financials
| Asking Price: | $820,000 |
|---|---|
| Revenue: | $832,648 |
| Cash Flow: | $76,411 |
| Downpayment: | NEGOTIABLE |
| Monthly Payroll: | $0 |
| FF&E Asking Price: | N/A (Included in Asking Price) |
| Inventory Asking Price: | N/A (Included in Asking Price) |
| Financing Available? | Yes |
Property
| Asking Price: | $590,000 (Included in Asking Price) |
|---|---|
| Building Size: | 6,000 sq ft |
Other
| Franchise? | No |
|---|---|
| Homebased? | No |
| Relocatable? | No |
| Year Established: | 1966 |
| Year Acquired: | 1994 |
| Full-Time Employees: | 24 |
| Part-Time Employees: | N/A |
| Reason For Sale: | Retirement |