Italian Cuisine / Restaurant Row / Little Italy

Not Disclosed, NY
Bronx County


Asking Price: Annual Revenue:
$600,000 $1,750,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Italian Cuisine / Restaurant Row / Little Italy Broker: Ricardo Molina
Owner Financing is Available!
$100,000.00

Quick Facts

Asking Price: $600,000
Annual Revenue: $1,750,000
Net Profit: Not Disclosed
Cash Flow: $240,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1981
Employees: 22
BBN Listing #: 427135879
Broker Reference #: 6842-285384

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Business Overview:

Italian Restaurant located on Restaurant Row in the Little Italy section of The Bronx. Family owned business serving guests and the community for over 30 years. Family style servings. Catering and a private dining room available for special occasions, parties, weddings, banquets, etc.. Fine food made from fresh ingredients for lunch and dinner. Free parking available with attendants in private parking lot located on the premises with over 25 car parking units. Known to be a pit stop before and after Yankee home games. Strong client base from nearby college campuses such as Fordham University. French doors open in the dining area during the summer and spring seasons.Great atmosphere, huge kitchen and tons of storage space. State of the art Kitchen equipment, furniture, new grease trap, boiler, etc. Full service bar with an extensive wine list.

Family owns property! 20 year lease with options. 16 years remaining. Rent includes taxes. 3% annual increase. Restaurant 3,000 sq. ft. Private parking lot 2,000 sq. ft.

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Property Features and Assets:

Only restaurant on restaurant row with parking lot on premises. Outdoor seating may be available. Great lease, low rent rate.

Market Competition and Expansion:

Deliveries, Catering, Outdoor Seating, Online Presence.

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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