Italian Restaurant, Fine Dining, Established 37 Years

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Seller Is Retiring After Years Successfuly Running The Restaurant
Asking Price:
$699,000

Gross Revenue:
$2,500,000
Cash Flow:
$250,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$25,000
included in asking price

FF&E:
$150,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

Well established with loyal customer base and excellent reputation throughout Long Island. Can accommodate seating for 100 on one level and 90 on another. Each level has 3,000 square feet plus a 1,000 square foot kitchen on the main level. Able to cater events. In addition to the fine dining menu there is an active bar. Has parking for 80 cars. Seller owns the property and is open to selling or leasing. Purchase Price listed in this Ad is only for the business.

About the Business

Year Established:
1981
Number of Employees:
16
Real Estate:
Owned
Building Sq. Ft.:
7,000
Facilities:
Two 3,000 sf levels plus 1,000 sf full kitchen.
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About the Sale

Reason For Selling:
Retirement

Listing Info

ID:
1552096
Ad Detail Views:
148

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Business Listed by

Sid Mollin

Inbar Group Inc

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Sponsoring Broker:

Jay M. Inbar,Certified Mergers &Acquisition Pro
Inbar Group Inc - Business Brokers

U.S. Census Data for Suffolk County, NY
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Source: Decennial Census (2010), United States Census Bureau.

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Source: American Community Survey (2010-2014), United States Census Bureau.

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