Italian Restaurant & Bar for Sale in New York
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LISTING ID # 36663
This upscale 4,700-square-foot restaurant and bar, seating 170 guests, is located in a highly desirable, bustling area of an up-and-coming town with heavy foot traffic. Built 8 years ago at a cost of $2.2 million, the property is well-equipped with a large kitchen featuring walk-in refrigerators, a full-service sit-down bar, 3 dining rooms, a catering room, and 5 restrooms. Despite its prime location and excellent setup, the current owner operates with limited hours (6 days a week), does not offer Sunday brunch, and has scaled back catering services, leaving significant room for growth. A motivated buyer with strong marketing and operational skills could double the current revenue by expanding hours, introducing Sunday brunch, and offering entertainment such as a DJ or live music. A qualified buyer may able to take over the present SBA loan for $550,000. This rare opportunity is ideal for an experienced buyer looking to capitalize on the restaurant’s untapped potential. The listing may qualify for bank financing.
This upscale 4,700-square-foot restaurant and bar, seating 170 guests, is located in a highly desirable, bustling area of an up-and-coming town with heavy foot traffic. Built 8 years ago at a cost of $2.2 million, the property is well-equipped with a large kitchen featuring walk-in refrigerators, a full-service sit-down bar, 3 dining rooms, a catering room, and 5 restrooms. Despite its prime location and excellent setup, the current owner operates with limited hours (6 days a week), does not offer Sunday brunch, and has scaled back catering services, leaving significant room for growth. A motivated buyer with strong marketing and operational skills could double the current revenue by expanding hours, introducing Sunday brunch, and offering entertainment such as a DJ or live music. A qualified buyer may able to take over the present SBA loan for $550,000. This rare opportunity is ideal for an experienced buyer looking to capitalize on the restaurant’s untapped potential. The listing may qualify for bank financing.
About the Business
- Years in Operation
- 9
About the Sale
- Seller Motivation
- Retirement
- Transition Support
- Seller will train
- Financing Options
- 300,000.00 Down & $150,000 with terms tbd
Listing Info
- ID
- 2421225
- Listing Views
- 252
Listing ID: 2421225 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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