Business For Sale

Beautiful Stand Alone Italian Restaurant - 21692

Suffolk County, NY
Suffolk County


Asking Price: Annual Revenue:
$499,000 $1,106,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Beautiful Stand Alone Italian Restaurant - 21692 Broker: Melvin L.Vaz
Owner Financing is Available!
300,000.00 down & $199K over 5 years @ 7%

Quick Facts

Asking Price: $499,000
Annual Revenue: $1,106,000
Net Profit: Not Disclosed
Cash Flow: $212,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1975
Employees: 5
BBN Listing #: 86234447
Broker Reference #: 21692

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Business Overview:

Beautiful Stand Alone Italian Restaurant with its own 24 space parking lot. This 5,500 sq. ft. South Shore business has been family owned and operated for the past 32 years. They offer seating for 160 with a bar, main dining room and two private rooms for parties, big and small. The business owner is the landlord and will offer a generous, triple - net, 10 year lease with a 5 year option and the first right of refusal on the property. In 2009 the business grossed approx. $1,200,000.00 with a Net Income of approx. $212,000.00 Sales are split almost 50/50 between eat-in and catering. We are looking for an energetic restaurateur to take this to the next level. Serious and experienced inquiries only. Please be prepared to provide Proof of Funds for at least $400K.

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Reason for Selling:

Personal

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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