Profitable Italian Restaurant in Brooklyn - 26400

Kings County, NY
Kings County


Asking Price: Annual Revenue:
$650,000 $1,135,189

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Profitable Italian Restaurant in Brooklyn - 26400 Broker: Jay Goldman
Owner Financing is Available!
$400,000 Down & Sellers will finance $250,000 at 6% over 24 months

Quick Facts

Asking Price: $650,000
Annual Revenue: $1,135,189
Net Profit: Not Disclosed
Cash Flow: $368,558
Total Debt: Not Disclosed
FF&E: $200,000
Real Estate: Not Disclosed
Year Established: 2002
Employees: 11
BBN Listing #: 34804447
Broker Reference #: 26400

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Business Overview:

This Long Established & Very Profitable Large Italian Restaurant in Brooklyn with Full Liquor License can be yours for just $650,000 with only $400,000 down. The owners take out over $360,000/year between themselves. One of them happens to be the landlord, who will give you a new 15 year lease starting at $8,500/month. That includes 2,250 sq ft at street level, which contains a tastefully decorated high-ceiling dining area, a valuable African antique bar and a fully decked out kitchen (see photos); another 300 sq ft of loft space for private parties; and 1,000 sq ft in the basement for storage and office space. In the last couple of years, the owners completed over $200K in renovations, including the installation of a brand new HVAC system. The restaurant's delivery and brunch business can be increased. Much more can be done with social media to acquire new customers and bring existing ones back again and again. Easily accessible by car, bus and subway. Proof of Funds Required. Experienced Restaurant Buyers Only.

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Reason for Selling:

Retirement

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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