Famous Authentic Italian Restaurant for sale

Not Disclosed, NY
Richmond County


Asking Price: Annual Revenue:
$950,000 $1,969,109

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Famous Authentic Italian Restaurant for sale Broker: Thandron Dadaille
Owner Financing is Available!

Quick Facts

Asking Price: $950,000
Annual Revenue: $1,969,109
Net Profit: Not Disclosed
Cash Flow: $361,480
Total Debt: Not Disclosed
FF&E: $220,955
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 280649826
Broker Reference #: 83341-663428

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Business Overview:

Open and operating since 1994, you can own this profitable restaurant generating a high SEVEN FIGURES revenue and SIX FIGURES income for $950,000.00 (Business has great Books and Records).
Owner started the restaurant 25 years ago and has grown it into a successful and well-known restaurant in Staten Island. After decades in the industry, owner is retiring and has decided to sell business, priced to sell quickly.
This restaurant is located in Staten Island New York, occupying the corner of a commercial BLVD intersected by residential streets.
2,500 Square/feet, monthly rent is only $8,344.47 with right of first refusal to purchase the property at the end of the lease term.
This restaurant sets the standard for quality authentic Italian cuisine throughout the Staten Island community. Restaurant provides lunch and dinner service (has full liquor license), private parties and holiday catering, and cooking class. The restaurant has been voted best restaurant in Staten Island. It has also received numerous awards for its food and service. Restaurant is regularly at full capacity, especially on weekends and holidays. Therefore, there are rooms to grow by expanding.
Owner is retiring and offering this profitable restaurant at a very reasonable price, this great opportunity will not last.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Reason for Selling:

Retiring

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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