Ricetta's Brick Oven Ristorante For Sale

Business Opportunity for Sale
Sale Pending
Catylist Listing ID: 30795055
Property Subtypes: Food and Beverage
Status: Pending
Building Size (RSF): 6,159 SF
Sale Price: $250,000
Gross Revenue: $1,707,038 (Annual)
Cash Flow: $107,819 (Annual)
Last Updated: 10/3/2022

Overview / Comments

Ricetta’s is well known for its award-winning brick oven pizzas and remarkable service. The business locally sources fresh pork, beef and seafood and import specialty meats, cheeses, and olives from Italy. They offer local craft beers and wine in the enclosed, full-service bar.

The versatile menu is filled with your favorite pizza, pasta, grill, and Italian entrees. From gluten free menu items to grilled proteins and vegetables with delectable sides, they have something for every kind of food lover!

Name recognition, longevity, quality of food and service, and a core of long term committed professionals have made this business successful for many years.

Attachments & Media

Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Industry Segment: Restaurants
Reason for Selling: Retiring/other interests
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $266,748
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Employee/Labor Description: 10 FT/25 PT (2 seasonal) General Mgr, Asst Mgr, Bartenders, Commissary, Cooks, Dishwashers, Busser, Driver, Hosts, and Servers
Mgmt/Training Support Description: 2 weeks
Competition/Market Description: Pizza lends itself to the current takeout trends and has continued to be a healthy source of income. The market is coming out of Covid, which should benefit the business. When the market returns to normal, there will be less competition as many competitors have dropped out of the area. There are also four new office buildings being constructed in the area that could potentially bring in new customers.
Growth/Expansion Opportunities: The current owner has identified many ways to grow this business including upgrading technology to improve online ordering, and installing kiosks/tablet ordering for dine-in customers. Expanding off-premises sales and catering are also options, as well as reconfiguring the take-out area to encourage more grab and go items, desserts, fresh-baked breads and Italian imported goods.
Seller Financing Description: Some seller financing may be available to a qualified buyer.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,731 22,266 80,717
Median Age: 52.99 44.16 39.51
Households: 665 9,367 35,715
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