Attractive Italian Restaurant – Owner Absentee

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OPEN SHORT HOURS - WOOD FIRED OVEN
Asking Price:
$275,000

Gross Revenue:
$1,130,000
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed
included in asking price

FF&E:
$225,000
included in asking price

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Business Description

**SIGNED CONFIDENTIALITY AGREEMENT REQUIRED FOR EXACT ADDRESS**

This ATTRACTIVE Italian Restaurant Grosses over $1,100,000 plus Catering with ABSENTEE OWNERSHIP and is located on the North Shore of Eastern Suffolk County
It has a Unique Chef Inspired Italian menu plus a Wood Fired Brick Oven for custom margarita pizza pies. (Note: This is not a pizzeria)

The restaurant is a "Free Standing" Building with plenty of parking plus an “Out-Door Patio,” a full bar, full liquor license and an exceptional wine menu.

The Base Rent is $8,000 month plus tax, the landlord states will extend lease to equal a 10 years.
The restaurant has SHORT HOURS, Open 7-days a week from 5 PM -9 PM and 10 pm on Fri. & Sat.
Seller requires 50%,000 down from an experienced buyer.

**** OWNER ABSENTEE **** MUST SEE TO APPRECIATE ****

*** FOR MORE INFO, CALL: John Stefan of JS Business Brokers at 631-473-2973 ***

*** For the EXACT ADDRESS “download” our Confidentiality/Non-Disclosure Agreement & Register, SCROLL down to ATTACHED DOCUMENTS, click on Confidentiality Agreement

About the Business

Year Established:
2009
Number of Employees:
7 FT/ 10 PT
Real Estate:
Leased
Building Sq. Ft.:
2,500
Lease Rate/Sq. Ft./Mo.:
$8,000.00
Facilities:
The restaurant is approximately 2,500 sq. ft. plus an out-door patio dining area, a full bar, full liquor license, POS & Surveillance Systems and a full basement.
Growth & Expansion:
This Restaurant is operating with ABSENTEE OWNERSHIP, a hands on owner will increase both the sales and profitability immensely
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About the Sale

Reason For Selling:
Seller is opening a larger location and has other locations near Nassau County
Training/Support:
Seller will assist with some training
Seller Financing:
Seller will Finance with 50% down to an experienced buyer

Listing Info

ID:
1518109
Ad Detail Views:
1279

Attached Files Attachment Disclaimer

  Confidentiality Agreement (104 KB)
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Business Listed by

John Stefan

JS Business Brokers

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U.S. Census Data for Suffolk County, NY
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