FAST-CASUAL ITALIAN RESTAURANT FOR SALE

Business Opportunity for Sale
Catylist Listing ID: 30314509
Property Subtypes: Food and Beverage
Building Size (RSF): 2,000 SF
Sale Price: $49,900
Name of Establishment: Manino's Italian Eatery
Franchised Business: Yes
Franchise Parent Name: Nu-Ventures, Inc.
Year Business Established: 2011
Gross Revenue: $400,834 (Annual)
Cash Flow: $17,936 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Sale Terms: Cash or commercial loan.
Last Updated: 10/10/2018

Overview / Comments

Priced to sell! Here is an opportunity to own your own cash flowing Italian restaurant franchise. Seven years in this location shows profitability in a proven system of standards, recipes and marketing. Assets exceed value of list price.

-Cash flowing Fast Casual Italian Restaurant
-Great traffic count on main road.
-Good lunch and business dinner
-Solid Franchise with 7 year history in this location
-Signed Non-Disclosure Agreement required to view financials. Please contact listing broker for details.

Real estate is not included in the sale.

Additional Details

Nearest MSA: Mount Pleasant
County: Isabella
Industry Segment: Restaurants
Reason for Selling: Seller is pursuing new opportunities.
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $10,000
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: 2000 sf on main road. Contact LA for details.
Employee/Labor Description: 10 Employees
Mgmt/Training Support Description: Franchisor offers management, training, support, and mentoring.
Competition/Market Description: Town is home to Central Michigan University, Mid-Michigan Community College and two health/hospital centers. Several competitors serving Pizza, Grinders, and Italian Food.
Growth/Expansion Opportunities: New owner could improve profit margin through increased sales and tighter cost controls of key categories. Business has shown profitable years.
Seller Financing Description: N/A

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,135 35,591 44,922
Median Age: 21.82 25.55 28.04
Households: 2,235 12,286 15,917
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