Excellent Italian Restaurant in Nassau County, NY

Not Disclosed, NY
Nassau County


Asking Price: Annual Revenue:
$699,000 $2,350,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Excellent Italian Restaurant in Nassau County, NY Broker: Vested
Owner Financing is Available!
450,000.00 Down & $249K over 4 yrs. @ 6%.

Quick Facts

Asking Price: $699,000
Annual Revenue: $2,350,000
Net Profit: Not Disclosed
Cash Flow: $245,463
Total Debt: Not Disclosed
FF&E: $750,000
Real Estate: Not Disclosed
Year Established: 2002
Employees: 28
BBN Listing #: 74354447
Broker Reference #: 32289

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Business Overview:

4,000 SF. Italian Restaurant in Prime Location. This business is in the heart of an affluent neighborhood in a main street location with tremendous traffic and great parking. The current owner has been here for 17 years. This is a top notch space with a 3,200 sf. main dining room seating 90, an 800 sf. private party room seating 60 and a 1,000 sf. outdoor patio seating 60. They also have 25 seats at the bar with a full liquor license. THERE ARE 14 YEARS LEFT ON THE CURRENT LEASE with a total rent of $14,200/mth (including all taxes and fees). There is a separate pizzeria and takeout space as well. In the past year the business grossed approx. $2,350,000.00 with a net cash flow of approx. $245,463.00. The business is fully staffed with 12 full-time employees and 16 part-timers. We are seeking a serious and financially qualified buyer with at least $480K in liquid funds to cover the $450K down payment and approx. $30K in inventory (the $69K rent security deposit is included in the sale price). To learn more, please call or email Mel Vaz today at 631-909-1095 or melvaz@vestedbb.com. ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT SPEAK WITH ANYONE WHEN VISITING THE LOCATION. ALL MEETINGS MUST BE MADE BY APPOINTMENT ONLY!

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

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Reason for Selling:

Partner 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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