Established Italian Restaurant For Sale - Loyal Clientele!, Lexington, SC 29072
- Retail properties & Spaces
- 2,400 SF
Current Use by Public Records
- Retail properties & Spaces
Property Details for 0 Established Italian Restaurant For Sale - Loyal Clientele!
- Year built
- 2008
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
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.
Value Estimations
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lexington
- County
- Lexington
- State
- South Carolina
- Longitude
- -81.2739
- Latitude
- 33.9989
