Italian Restaurant

  • List Price: $299,000
  • Sales: $572,455
  • Adjusted Income: $42,204
  • Down Payment: NA
  • FFE Values: 60000
  • Inventory: 6000
  • R.E. Value: NA
  • Location: Utah
  • Category: Restaurant / Bar

This Italian restaurant has been a Salt Lake valley favorite for 20 years and is located in a busy retail neighborhood with great visibility to a major thoroughfare. It has an outstanding reputation for innovative, authentic home-style cuisine and outstanding service. Over 80% of their business is with repeat customers and they are very family friendly. They enjoy a 4.5-star rating. They have a full restaurant liquor license — the new owner would need to apply with the UDABC to transfer the license.

The décor has an authentic Italian ambiance and feel. The dining room seats 215 inside and there is room for up to 150 on the outside patio. They can easily handle large dinner groups and have private rooms for special occasions.

There is room to grow by increasing social media exposure and marketing to increase the catering opportunities. Despite the pandemic, the restaurant was able to maintain profitability in 2020. Seller may consider some financing for a highly qualified buyer.

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