Italian Restaurant With Amazing Rent for Sale

New York, NY
New York County

Asking Price: Annual Revenue:
$710,000 $1,150,000

Food & Beverage: Restaurants, Fast Food, Deli

Request More Information
Contact the Seller

RE: Italian Restaurant With Amazing Rent for Sale Broker: Eric Mendelsohn

Quick Facts

Asking Price: $710,000
Annual Revenue: $1,150,000
Net Profit: Not Disclosed
Cash Flow: $390,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 7
BBN Listing #: 474335879
Broker Reference #: 6842-390456

Email, Print & Share

Request More Information
Contact the Seller

Business Overview:

Premier high-end Italian restaurant right off prime Manhattan corner location for sale. The business grosses $1.15 annually and the rent of $10,700 is a steal for this 2,000 square foot location. Seven years worth of lease left on the lease provides a new owner a chance to grow the business at an amazing rent. The business is open 12 hours a day all seven days of the week and has a full liquor license for its customers. The books and records are in great shape as the business does 95% of it’s sales via credit cards. Payroll consists of seven employees. Located in an affluent neighborhood with tons of new residential and commercial buildings opening up nearby presents room for the profits to grow. A strong team in a kitchen and on the floor awaits the next owner. The business has over a 4 Google rating with over 200 reviews as loyal repeated guests all year make this a neighborhood staple. One of the best pizza and pasta places in the city includes wood fired pizza, fresh pasta, seafood, salads and other Italian specialties plus Naples wood stove worth $40k await the next owner. Owner is selling this business as he has another business opportunity waiting for him.

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.

Reason for Selling:

Other business interests.

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.

Relevant Links:

Request More Information
Contact the Seller is one of the largest business for sale marketplaces in the world that connects tens-of-thousands of business buyers and sellers every month. Sell a Business Online or if you’re a broker or a commercial agent sign up for a Business Broker Membership today!