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Accommodation & Food Services

Rare $2.9M Award-Winning Italian Legacy & Real Estate

Wilmington, NC, USA
Updated 1 day ago
Established 2016

Transform your entrepreneurial vision into reality with this award-winning Italian restaurant that delivers immediate profitability and exceptional growth potential in Wilmington’s thriving historic downtown district. You’ll acquire a turnkey operation generating $2.9M in annual revenue with proven SDE of $315,891, eliminating startup risks while providing immediate cash flow from day one. This Southern Living-featured establishment has built unshakeable customer loyalty over nearly a decade, ensuring your investment benefits from an established brand that consistently attracts both locals and tourists. Your acquisition includes a $1.745M real estate asset in a rapidly appreciating market, creating dual revenue streams through business operations and property appreciation. The ±4,818 SF facility with $1M+ professional build-out eliminates costly renovation needs, while two full bars and downtown’s largest outdoor dining area maximize revenue per square foot. Scale your success immediately with multiple untapped revenue opportunities. Currently operating dinner-only six days weekly, you can boost profits by 30-50% through lunch service, Sunday brunch, or seventh-day operations without additional infrastructure investment. You’ll inherit operational excellence with 33 trained employees, including seasoned staff with 5+ years tenure, ensuring seamless transition and consistent service quality. The complete package includes exclusive family recipes, comprehensive Clover POS system, and all furniture, fixtures, and equipment. This rare opportunity combines the stability of an established market leader with the growth potential of an underutilized asset in one of the region’s most desirable dining destinations. Perfect for investors seeking immediate returns, lifestyle business owners wanting proven systems, or restaurateurs ready to expand their portfolio with a legendary brand.

Internal Id

MMA00339

Real Estate

$1,745,000

Financing Notes

SBA Pre-Approved

Number Of Employees

33

Real Estate Included

Yes

Reason for Selling

Other Business

Financials

Asking Price
$850K
RevenueMost Recent Year
$2.9M
Earnings (SDE)Last Reported
$315K
Assets Value
Undisclosed
Seller Financing
Not available

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