Established Italian Restaurant with Prime Real Estate
$2,200,000
SBA prequalified
A lender has already reviewed this business for SBA financing.
Real estate included
The property comes with the business.
Training included
The seller will help you get up to speed after closing.
About this business
Cherished family-owned Italian restaurant in Galax, VA, renowned for its mouthwatering pizza, hearty submarine sandwiches, and authentic Italian dishes. With a 4.6-star rating, it boasts a welcoming atmosphere, exceptional customer service, and a prime location on the town's main highway. The restaurant features a massive kitchen with updated equipment, 133 seats, and a large parking lot. A smooth transition is ensured with an established team and seller support.
The numbers
How the asking price compares with what the business brings in each year.
- Asking price$2,200,000
- Annual Revenue$2,054,616
- SDE$500,000
- 4.4×
- Price to SDE
- 1.1×
- Price to revenue
- 24%
- SDE margin
- Annual Profit
- $500,000
- Approx. Inventory Value
- $12,000
- Approximate FF&E
- $36,474
Details
- 1986
- Established · 40 yrs
- 24
- Employees
- Restaurant
- Business type
- Owned · included in price
- Premises
Financing & transition
- Seller financing
- Yes
- SBA Prequalified
- Yes
- Training after the sale
- Included
- Cost
- Free
- Duration
- 4 weeks
Property & lease
- Premises
- Owned
- Included in Sale Price
- Yes
Where it is · Galax, Virginia
Somewhere in Galax, Virginia. The exact address is not on this listing.
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