Italian Restaurant for Sale

Hauppauge, NY
Suffolk County


Asking Price: Annual Revenue:
$600,000 $1,906,074

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Italian Restaurant for Sale Broker: Michael Kelly

Quick Facts

Asking Price: $600,000
Annual Revenue: $1,906,074
Net Profit: Not Disclosed
Cash Flow: $199,711
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1981
Employees: 18
BBN Listing #: 89118096
Broker Reference #: 6746

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Business Overview:

Long-time Italian restaurant for sale with vintage charm is generating annual sales of $1.9 million! This 4.5-star location has every bell and whistle you need to run a fine dining location.

Located on Long Island, this Italian restaurant for sale is in the middle of a residential and industrial community. This hamlet may only be 2.76 square miles, but more than 11,000 people reside there. Double that when it comes to the local workforce of around 20,000. Customers flock to the long-standing restaurant leaving reviews raving about the delicious food and "white glove" service. The owner is ready to retire after 38 years, but not before he stays on board to train you for two to four weeks.

Great books and records have the lenders lining up to help you with the purchase of this business. We Sell Restaurants partners with some of the fastest approving lenders in the industry. Even if you are not sure how an SBA loan works, we have a free "Financing a Restaurant" report we can send you.

Space may be limited on the Island, but this Italian Restaurant for Sale has easy seating for 120 plus a catering room that can accommodate 100. It includes a dance floor and is always booked for celebrations. At 6,000 square feet space has every bell and whistle to keep customers filling it up. Rent is $15,000 a month which is a piece of cake when you have sales over $1.9 million annually. Plus, this location has its own parking lot. The lease is 5 years with two 5-year options, or the option to buy the building is open for discussion.

This turnkey iconic Italian Restaurant for sale is ready to serve you up a 6-figure income. The National Restaurant Association surveyed Americans, and a whopping 61 percent said they eat Italian food at least once a month. Once you try the food you are going to want to be the one serving it to the community. Opportunities of a long-run, money making location in Long Island doesn't become available every day. Don’t miss out on this one!

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.

Property Features and Assets:

Fully equipped Kitchen Hood Grease trap flat top grill stove refrigerator freezers prep coolers prep tables Walk in boxes small appliances pots and pans small ware

Market Competition and Expansion:

Pros Great centralized location Very loyal customer base Authentic Italian food Cons Multiple restaurants in the surrounding area

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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