Five Star Italian Restaurant - 32413

Not Disclosed, NY
Nassau County


Asking Price: Annual Revenue:
$350,000 $1,850,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Five Star Italian Restaurant - 32413 Broker: Jim Aloi
Owner Financing is Available!
$200,000.00 Down & $150,000 for 5 years @5%

Quick Facts

Asking Price: $350,000
Annual Revenue: $1,850,000
Net Profit: Not Disclosed
Cash Flow: $330,000
Total Debt: Not Disclosed
FF&E: $200,000
Real Estate: Not Disclosed
Year Established: 1980
Employees: 10
BBN Listing #: 17204447
Broker Reference #: 32413

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Business Overview:

5 star Italian Restaurant established and owned 40 years Zagat rated this beautiful classy restaurant was fully updated a few years ago for $300,000. This well known Italian restaurant is a highly rated and favorite for those seeking the best in foods service and atmosphere.This 130 seat white cloth restaurant with off street on street and separate parking lot offers a full sit down bar huge clean prep basement with executive office wine and liquor room walk in boxes employee restroom and to much to list. Seller very ill and price is compromised for fast sale. This is a establishments the best of the best would be proud to own. Full staff in place seller will hold notes. Great place for a very experienced hands on manager or chef. Gold mine money maker!!! Nets over $6k weekly. DO NOT LOSE THE BEST OF THE BEST. Located near funeral parlor movies and too much to list. Choice location easy to get to from and route. Contact Broker Jim Aloi NOTE BEST Italian Restaurant LISTED BY JIM ALOI ALL YEAR! Lots on premise catering booked and great spot with lots of room to introduce and now add off premise catering. Fantastic kind understanding seller will help in anyway! Brand new 10 year lease in hand. Seller has very good records.

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Reason for Selling:

Illness

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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