Italian Cuisine / Restaurant Row / Bronx Little Italy

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Profitable main street Italian Cuisine on Restaurant Row! Great lease!
Asking Price:
$550,000

Gross Revenue:
$1,750,000
Cash Flow:
$240,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$30,000
included in asking price

FF&E:
 Not Disclosed
included in asking price

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Business Description

Italian Restaurant located on Restaurant Row in the Little Italy section of The Bronx. Family owned business serving guests and the community for over 30 years. Family style servings. Catering and a private dining room available for special occasions, parties, weddings, banquets, etc.. Fine food made from fresh ingredients for lunch and dinner. Free parking available with attendants in private parking lot located on the premises with over 25 car parking units. Strong client base from nearby college campuses such as Fordham University. French doors open in the dining area during the summer and spring seasons.Great atmosphere, enormous kitchen and tons of storage space. Kitchen equipment is in great condition. New grease trap, boiler, etc. Full service bar with an extensive wine list to compliment the traditional Italian menu items.

Family owns property! 20 year lease with options. 16 years remaining. Rent includes taxes. 3% annual increase. Restaurant 3,000 sq. ft. Private parking lot 2,000 sq. ft.

About the Business

Location:
Bronx County, New York
Year Established:
1981
Number of Employees:
22
Real Estate:
Leased
Building Sq. Ft.:
5,000
Rent:
$8,300.00 Per Month
Market Outlook/
Competition:
Only restaurant on restaurant row with parking lot on premises. Outdoor seating may be available. Great lease, low rent rate.
Growth & Expansion:
Deliveries, Catering, Outdoor Seating, Online Presence.
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About the Sale

Reason For Selling:
retiring
Training/Support:
2 weeks

Listing Info

ID:
1650957
Ad Detail Views:
0

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Business Listed by

Transworld Business Advisors

Transworld Business Advisors of NY

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