Stock photo by Brelyn Bashrum on Unsplash
Upscale Italian Restaurant & Catering, Berkshire County MA — $650K, $2.3M Revenue
Restaurant & CateringBerkshire County, MA
Established Italian restaurant and catering operation in Berkshire County with $2.3M in annual gross revenue and $240K in seller's discretionary earnings. The business operates as a dine-in establishment with catering, private events, and banquet services, serving a mix of local residents, tourists, and second-home owners. Owner is retiring and seeking a transition to new ownership.
Ideal Buyer
An owner-operator with restaurant management experience, or an investor seeking to acquire an established operation with strong repeat customer loyalty and diversified revenue streams (dine-in, catering, events). Familiarity with Italian cuisine and upscale hospitality is advantageous.
Operations
The business operates from a 9,500 sq ft space and includes a full-service bar. Systems in place include POS, payroll management, and inventory management. The operation is structured to transition smoothly to new ownership despite current owner-operator model.
Customer Base
Customer base consists of local residents, tourists, and second-home owners, with approximately 80% repeat patrons.
Services Offered
- Dine-in service
- Takeout
- Catering
- Private events
- Banquets
Property
The restaurant space is leased and measures 9,500 square feet.
Reason for Sale
Owner retirement.
Transition Support
The business is structured to allow smooth transition to new ownership with a 40-person staff in place.
Frequently Asked Questions
What is the asking price?
$650,000.
What are the current financials?
Gross annual revenue is $2,301,866. Seller's discretionary earnings are $240,095.
Is real estate included in the sale?
No. The restaurant space is leased. The sale includes furniture, fixtures, equipment (valued at $200,000), and inventory (valued at $10,000).
How many employees are there?
The business has 40 employees.
What services does the restaurant offer?
Services include dine-in service, takeout, catering, private events, and banquets. The operation includes a full-service bar.
What is the customer base like?
The customer base includes local residents, tourists, and second-home owners, with approximately 80% repeat patrons.