Italian Restaurant with Real Estate Included
Restaurants - Ethnic Restaurant
| Status |
Contract Pending |
| Listing ID |
N376-RS |
| Listed Price |
$820,000 |
| Down Payment |
$820,000 |
| SDE |
$76,411 |
| Total Sales |
$832,648 |
|
| Asset Info |
| Real Estate†
| $590,000 |
|
† Included in price
‡ Not included in price
|
|
Reason For Sale
Retirement
Operations
| Year Established |
1966 |
| Form of Ownership |
Sole Proprietorship |
| Absentee Owner |
N |
| Franchise |
N |
| Days & Hours |
Monday-Sunday varies by day |
| Years Owned |
17 |
| Business Age |
46 |
Location
Indio
| Type of Location |
|
| Lease Expires |
|
| Security on Lease |
|
| Location Comments | |
Executive Summary
Business 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.
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