Huge Price Drop Due to illness - Italian Specialty

Syosset, NY
Nassau County

Asking Price: Annual Revenue:
$225,000 $928,200

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Huge Price Drop Due to illness - Italian Specialty Broker: Henry Galasso

Quick Facts

Asking Price: $225,000
Annual Revenue: $928,200
Net Profit: Not Disclosed
Cash Flow: $238,404
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1
Employees: Not Disclosed
BBN Listing #: 884835273
Broker Reference #: 11554

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Business Overview:

After 1 year of investing $850k in equipment and a brand new build out at this location the family who owns and operates this Well known Italian Specialty store is forced to sell due to a family illness. What a prime location to operate this type of business. Located in a very upscale area , the local clientele does not hesitate to spend money on the fantastic food that this location has to offer. Very well known Brand with a huge following. Not only the locals but customers from the surrounding towns frequent at this location. With a long term lease ( 9+5 ) in place which can be assigned to a financially capable buyer & no increases for the next 5 years. This business is very well branded and comes with everything you need to continue the uphill ride that the sales are on. Recently added Door Dash , Grub Hub & Uber Eats which will increase drastically. Seller very motivated and will finance with the right offer.

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Reason for Selling:

Owners Health.

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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