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Business for Sale Summary

Beautiful Stand Alone Italian Restaurant - 21692

Business Type: seller financing available,special situations,best deals!,retailing businesses,restaurant/ cafes
Owner Financing
Beautiful Stand Alone Italian Restaurant
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Financial Information (non-confidential)

General Information
Asking Price $499,000 Down Payment $300,000
Gross Revenues $1,106,000 Lease Remaining Register Free to View
Owner’s Cash Flow $212,000 Number of FT Employees Register Free to View

Financing

$300,000 Down and $199K over 5 years @ 7%

Business Description

Beautiful Stand Alone Italian Restaurant with its own 24 space parking lot. This 5500 sq. ft. South Shore business has been family owned and operated for the past 32 years. They offer seating for 160 with a bar, main dining room and two private rooms for parties, big and small. The business owner is the landlord and will offer a generous, triple - net, 10 year lease with a 5 year option and the first right of refusal on the property. In 2011 the business grossed approx. $1,200,000.00 with a Net Income of approx. $212,000.00 Sales are split almost 50/50 between eat-in and catering. We are looking for an energetic restaurateur to take this to the next level. Serious and experienced inquiries only. Please be prepared to provide Proof of Funds for at least $400K. Call or email Mel Vaz today to learn more at 631-909-1095 or melvaz@vestedbb.com.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.