Upper West Side Italian Restaurant w/Outdoor Seats

New York, NY
New York County


Asking Price: Annual Revenue:
$200,000 $455,624

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Upper West Side Italian Restaurant w/Outdoor Seats Broker: Bob Dunphy

Quick Facts

Asking Price: $200,000
Annual Revenue: $455,624
Net Profit: Not Disclosed
Cash Flow: $160,000
Total Debt: Not Disclosed
FF&E: $75,000
Real Estate: Not Disclosed
Year Established: 2008
Employees: 4
BBN Listing #: 19235879
Broker Reference #: 6842-88517

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Business Overview:

This traditional Italian restaurant on Manhattan’s Upper West Side has been a neighborhood favorite since opening in 2008. With a warm interior of exposed brick walls and wood floor, it comfortably seats 52 and features outdoor café seating in season. It is located a short walk from Central Park and some of New York’s favorite museums which means traffic from the neighborhood and tourists as well. Their menu is a blend of different styles and flavors from all over Italy, and all pasta, ravioli and gnocchi are made in-house. The current liquor license is for wine and beer but this location has had a full liquor license in the past.

Hours: Open Monday-Friday 3pm-11pm. Saturday-Sunday 11am-11pm, including Brunch.

Lease: Seven years remain on the ten-year lease. There is also a five-year renewal option. Rent is $11,000/month, not including real estate taxes. 1,200 square feet on the ground floor plus basement storage.

The Transaction: The deal structure will be an asset sale. The reason for the sale is the seller's desire to relocate out of state. Owner will train for two weeks at no charge. Seller financing may be available to qualified buyers. Offered at $200,000.

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Reason for Selling:

Relocating

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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