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Business for Sale Summary

Dine-In & Take-Out Italian Eatery Franchise - 28307

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

General Information
Asking Price $299,000 Down Payment $239,000
Gross Revenues $780,000 Lease Remaining Register Free to View
Owner’s Cash Flow $143,000 Number of FT Employees Register Free to View

Financing

$239,000 Down and $60,000 over 4 years at 6%

Business Description

Since this DIne-In & Take-Out Italian Eatery Franchise with Part-Time Owner was initially listed with us, its sales have gone up by 15% and profits by 20%. Open for lunch and dinner, Long Islanders have come to discover and love its paninis, salads, homemade soups, bruschette and the chefs specialities, featuring antipasti, pastas, and main courses. It proudly offers a wide range of gluten-free items. Beer & Wine are served there, too. The part-time owner puts in about 15 hours/week and has a solid staff to oversee operations when he's not there. More profits will go into your pocket should you decide to me more hands-on, thus eliminating some payroll. The owner invested $225K to build out this location 5 years ago. There are 15 years left on the below market rate lease. The rent for 1,500 square feet is only $2,200, including real estate tax, and escalates at just 2% annually. The Nassau County town within which this Italian Eatery is located has a population that has been growing in leaps & bounds. Open Sunday-Thursday 11am-9pm and Friday- Saturday 11am-10pm. Do be very discreet when visiting, as the employees and customers do not know it is for sale. Kindly then contact listing broker Jay Goldman should you have any questions and would like to make an appointment to meet with the owner. 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.