0 Established Italian Restaurant For Sale - Loyal Clientele! Lexington, SC 29072
This thriving Italian restaurant in Lexington, SC, presents a unique opportunity for ownership. Established in 2008, this 2,400 square foot restaurant boasts a loyal clientele and strong financial performance. The asking price is $499,000 for this asset sale, which includes all equipment and furnishings. The current lease, expiring June 30, 2025, has a monthly rate of $5,140. Financial records show gross revenue of $750,689.14 and a cash flow of $194,135.28 in 2024. The restaurant is fully equipped with everything needed for immediate operation, including a comprehensive kitchen setup (double pizza oven, multiple prep tables, refrigerators, freezers, etc.), a well-stocked bar area (draft lines, coolers, etc.), and ample seating for approximately 100 patrons (tables, chairs, booths). The current staff of 19 employees is in place, providing a seamless transition for the new owner. The seller is retiring and offering support during the transition. Located in a high-traffic area with excellent visibility, this restaurant benefits from a rapidly growing community with strong demographics and significant growth potential. This turnkey operation offers immediate returns and the chance to build upon an already successful legacy. The sale does not include inventory.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.