Newly Established Restaurant for Sale in Abu Dhabi, United Arab Emirates

For Sale: Restaurant and cafe in a very unique and prime location, serves Italian food.

Established
Employees
Legal Entity
Reported Sales
Run Rate Sales
USD 230 thousand
EBITDA Margin
20 %
Industries
Locations
Local Time
6:32 AM United Arab Emirates
Listed By
Management Member
Status
Active
Overall Rating
Full Sale
Asking Price: USD 330 thousand (Native Currency: AED 1,200,000)
Reason: Promoter is facing financial difficulty, as a result, unable to take advantage of the location to it... View More
Includes physical assets worth USD 270 thousand
Name, Phone, Email
Not disclosed
Business Name
Available after connect
User Verification
Documents
Commercial License
Online Order Menu
Business Overview

- A year-old restaurant in Abu Dhabi specializing in serving Italian food.

- Have 90 seats and due to the new regulations we have reduced the seating capacity.

- We receive 80-100 walk-ins on a daily basis and during normal times (before pandemic) it used to be much more.

- We had positive growth each month until this pandemic.

- Last year was our first year of operations and reported sales only reflect sales for a few months of last year and not for the entire 12 months.

- The location is very promising and receives a lot of tourists. New development projects are going on nearby.

- We are currently open and following social distancing guidelines.

- Website is not operational as we are not using it. However, the new buyer can make it a fully functional website.

- Interiors, furniture and lightings are imported from Italy and are of premium quality.

- Physical assets include furniture, kitchen equipment, interiors, lightings and other related items.

Products & Services Overview

Restaurant and cafe serve Italian cuisine, desserts, beverages with future bar proposal.

Facilities Overview
Recent Activity
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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