Neighborhood Favorite Italian Restaurant For Sale

New York, NY
New York County


Asking Price: Annual Revenue:
$400,000 $1,125,924

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Neighborhood Favorite Italian Restaurant For Sale Broker: Eric Mendelsohn

Quick Facts

Asking Price: $400,000
Annual Revenue: $1,125,924
Net Profit: Not Disclosed
Cash Flow: $258,537
Total Debt: Not Disclosed
FF&E: $100,000
Real Estate: Not Disclosed
Year Established: 1986
Employees: 7
BBN Listing #: 343235879
Broker Reference #: 6842-560109

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Business Overview:

Long time neighborhood Italian favorite near major transportation hub as the restaurant has been in existence for 34 years. The next owner can inherit a friendly staff that creates a warm and congenial atmosphere. The current 2021 gross sales is between $20k to $27k per week. The owner recently put in $200k in improvements including new floors and equipment. The restaurant has a great wine selection plus beer. Current capacity for outdoor and indoor dining is 70 people.

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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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