Rare $2.9M Award-Winning Italian Legacy & Real Estate
Asking Price
$850,000
SDE
$315,000
Industry
Italian Restaurants
Gross Revenue
Location
$2,949,688
102 S Second St Wilmington, NC
Business Description

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.

Detailed Information
Internal ID
MMA00339
Number of Employees
33
Year Established
2016
Financing Notes
SBA Pre-Approved
Real Estate
$1,745,000
Real Estate Included
Yes
Additional Information
Reason for Selling

Other Business

Facilities & Assets

This ±4,818 SF Class A facility features a $1M+ build-out with signature brick and wood finishes. It accommodates ±150 guests , including a prime 34-seat outdoor patio. The professional kitchen is equipped with a 10-burner range, pizza ovens, walk-in refrigeration, and a Hobart H600 mixer. The sale is fully turnkey, including all furniture, fixtures, equipment (FF&E), exclusive recipes, a Clover POS system, and a trained staff of 33.

Market & Competition

Tarantelli’s leads the market, voted "Best Italian" for nearly a decade. This powerhouse generates over $2.9M in revenue and $315k SDE. Located in a rapidly appreciating historic district, the Class A real estate is valued at $1.745M. Demand is high, yet growth remains; the venue currently operates dinner-only, six days a week. With local hotel and retail expansions planned, this turnkey asset is perfectly positioned for scaling and continued appreciation.

Growth & Expansion

Tarantelli’s offers significant untapped potential for immediate top-line growth. Expanding operations to include lunch service, Sunday brunch, or opening a 7th day provides instant revenue upside. The ±4,818 SF space is also primed for increased private bookings, events, and catering. Additionally, the proven brand identity and established systems are ready for multi-location replication in new markets.

Request Confidential Information
Asking Price
$850,000

SDE
$315,000

Industry
Italian Restaurants

Gross Rev.
$2,949,688

Location
102 S Second St Wilmington, NC

Business Description

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.

Detailed Information
Internal ID
MMA00339

Number of Employees
33

Year Established
2016

Financing Notes
SBA Pre-Approved

Real Estate
$1,745,000

Real Estate Included
Yes

Additional Information
Reason for Selling

Other Business

Facilities & Assets

This ±4,818 SF Class A facility features a $1M+ build-out with signature brick and wood finishes. It accommodates ±150 guests , including a prime 34-seat outdoor patio. The professional kitchen is equipped with a 10-burner range, pizza ovens, walk-in refrigeration, and a Hobart H600 mixer. The sale is fully turnkey, including all furniture, fixtures, equipment (FF&E), exclusive recipes, a Clover POS system, and a trained staff of 33.

Market & Competition

Tarantelli’s leads the market, voted "Best Italian" for nearly a decade. This powerhouse generates over $2.9M in revenue and $315k SDE. Located in a rapidly appreciating historic district, the Class A real estate is valued at $1.745M. Demand is high, yet growth remains; the venue currently operates dinner-only, six days a week. With local hotel and retail expansions planned, this turnkey asset is perfectly positioned for scaling and continued appreciation.

Growth & Expansion

Tarantelli’s offers significant untapped potential for immediate top-line growth. Expanding operations to include lunch service, Sunday brunch, or opening a 7th day provides instant revenue upside. The ±4,818 SF space is also primed for increased private bookings, events, and catering. Additionally, the proven brand identity and established systems are ready for multi-location replication in new markets.





Rare $2.9M Award-Winning Italian Legacy & Real Estate
https://midtownmergers.com/listing/rare-2-9m-award-winning-italian-legacy-real-estate/
Asking Price
$850,000

SDE
$315,000

Industry
Italian Restaurants

Gross Rev.
$2,949,688

Location
102 S Second St Wilmington, NC

Business Description

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.

Detailed Information
Internal ID
MMA00339

Number of Employees
33

Year Established
2016

Financing Notes
SBA Pre-Approved

Real Estate
$1,745,000

Real Estate Included
Yes

Additional Information
Reason for Selling

Other Business

Facilities & Assets

This ±4,818 SF Class A facility features a $1M+ build-out with signature brick and wood finishes. It accommodates ±150 guests , including a prime 34-seat outdoor patio. The professional kitchen is equipped with a 10-burner range, pizza ovens, walk-in refrigeration, and a Hobart H600 mixer. The sale is fully turnkey, including all furniture, fixtures, equipment (FF&E), exclusive recipes, a Clover POS system, and a trained staff of 33.

Market & Competition

Tarantelli’s leads the market, voted "Best Italian" for nearly a decade. This powerhouse generates over $2.9M in revenue and $315k SDE. Located in a rapidly appreciating historic district, the Class A real estate is valued at $1.745M. Demand is high, yet growth remains; the venue currently operates dinner-only, six days a week. With local hotel and retail expansions planned, this turnkey asset is perfectly positioned for scaling and continued appreciation.

Growth & Expansion

Tarantelli’s offers significant untapped potential for immediate top-line growth. Expanding operations to include lunch service, Sunday brunch, or opening a 7th day provides instant revenue upside. The ±4,818 SF space is also primed for increased private bookings, events, and catering. Additionally, the proven brand identity and established systems are ready for multi-location replication in new markets.