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Description

OFF-MARKET PRESENTLY

Ristorante Extraordinaire Profit Served Best Food, Views, Full Liquor! –

La Jolla, CA – (San Diego County)
Seller Financing Available!
Zip Code: 92037

  • Asking Price: $525,000
  • Cash Flow: N/A
  • Gross Revenue: $1.2MM
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Established: 2016

 

Business Description

Highly rated restaurant with authentic regional Italian fare has won an unprecedented amount of rave reviews from customers about the outstanding food and spectacular ocean views.

The Head Chef and his wife are well known for their expertise in creating bona fide yet modern Tuscan cuisine and contemporary organic entrees that include:

  • homemade pasta and focaccia,
  • freshly caught seafood,
  • delicious risotto and more!

All enjoyed with a glass of wine from the extensive cellar!

The restaurant features a full-service bar; BC Licenses 41 and 47 included in the sale.  Reservations are accepted via the OpenTable app or can be delivered via DoorDash and GrubHub services.

NDA is required for comprehensive – Confidential Information Memorandum.

 

Detailed Information –

Employees: 1

Facilities: Lease is effective through 2027. Rent averages $12,000 per month. Restaurant seats 75 in five large rooms and on a patio. The third-floor facility also features a large office and excellent storage. The view gets as much praise as does the food!

Competition: In this affluent tourist-oriented community, competition for extraordinary restaurants and the best dining experiences is plentiful. However, the difference in ratings is largely due to longevity. The area’s number one Italian restaurant has over 700 – 5-star reviews. It does not mean the food is any better, and the views are unbeatable. With the continuance of quality and targeted marketing, the restaurant will become better known in all respects.

Growth & Expansion: Greater hands-on ownership or team up with the existing chef who is an equity partner.

Financing: If the price & deal structure is right.

Support & Training: As needed.

Reason for Selling: Overseas ownership could not secure Visa. Time to sell.

Contact info

Pronova Partners

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