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Business for Sale Summary

Italian Eatery Franchise - Part-Time Owner - 28307

Business Type: other eating & drinking places,other food stores,absentee business,best deals!,new to market,seller financing available,restaurant/ cafes
Italian Eatery Franchise - Part-Time Owner
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Financial Information (non-confidential)

General Information
Asking Price $249,000 Down Payment $190,000
Gross Revenues $622,120 Lease Remaining Register Free to View
Owner’s Cash Flow $116,772 Number of FT Employees Register Free to View

Financing

$190,000 Down and $59K over 4 yrs. @ TBD

Business Description

Italian Eatery Franchise with a part-time owner. They specialize in Italian cuisine for lunch and dinner only. They have a beer & wine license as well. This business was built from scratch 3 years ago and has shown consistent growth since they day they opened. At this point the owner has a solid staff and is able to oversee operations in approx. 15 hrs/wk. This is a growing brand name in NY with many locations. In the past year this location grossed approx. $675,000.00 with a cash flow of approx. $120,172.00 (with a p/t owner). THEY HAVE A FANTASTIC 17 YEAR LEASE AT ONLY $2,000/MTH WITH 2% ANNUAL INCREASES. This is your opportunity to purchase a growing business with practically new equipment in a revitalized area. We are seeking a serious and financially qualified buyer with at least $190K in liquid funds and some food service experience. If you fit the criteria, please call 1-877-735-5224 for further information.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

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.