- For sale
Investment opportunity to acquire a true one-of-a kind restaurant in Flagstaff. Mamma Luisa Itallian Restaurant has an outstanding reputation for high-quality food and wine, served in a warm, charming atmosphere. Mamma Luisa is located at 2710 N. Steves Boulevard in Flagstaff, Arizona.
Asking price for the business is $49,000. Inventory is not included in price. Please contact the brokers to request financials.
The 1,500 square-foot restaurant rents at $2,145 per month and has been at the same great location since 1980, in the Kachina Square Shopping Center. The lease ends January 31, 2021; however, the landlord is willing to sign a new long-term lease with a qualified buyer.
Luisa Mazzoni never left her hometown of Bari, Italy, but her rich culinary traditions traveled to our mountain town with her son Ernesto. Ernesto opened Mamma Luisa in 1980, and filled the menu with his mother’s celebrated recipes, cooked to order.
In 1984 Ernesto sold the restaurant to Flagstaff native Tony Martinez. Thirty-eight-year-old Tony had worked in the finest kitchens in Arizona and Austin, Texas. He fell in love with Mamma, and he and his wife Lisa have cared for her lovingly for 35 years.
Mamma Luisa is now one of the longest-established restaurants in Flagstaff, with a very loyal customer base. Some out-of-town customers plan road trips around its schedule, while local customers visit weekly or are some of the Friday night regulars.
Mamma Luisa has been consistently profitable for the current owners. The restaurant is only open 32 hours a week and has generated close to $500,000 annually. A buyer could continue this business plan and enjoy the lifestyle of an evening-only restaurant; however, there is great potential for expansion and raising revenue. Current hours could be extended with a lunch service.
The restaurant now has a party platter menu for special order. In the past, that menu was successfully promoted for catering services for business lunches and special occasions. Customers have also expressed interest in purchasing bottled sauces and dressing.