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This Business has been Sold!
Closing Date: 08/21/2020
Broker: Jim Aloi
Business for Sale Summary

Five Star Italian Restaurant - 32413

Business Type: owner financing available,restaurant/ cafes/ diners
Sold
Five Star Italian Restaurant
On August 21st 2020, The Undersigned
Acted as the Advisor to the Deal
Jim Aloi
Jim Aloi Senior Broker
Servicing: Nassau County, NY
Suffolk County, NY
Kings County, NY
Bronx County, NY
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.

Financial Information (non-confidential)

General Information
Asking Price $350,000 Down Payment $200,000
Gross Revenues $1,850,000 Lease Remaining Register Free to View
Owner’s Cash Flow $330,000 Number of FT Employees Register Free to View

Financing

$200,000 Down and 150,000 for 5 years @5%

Business Description

5 star Italian Restaurant established and owned 40 years Zagat rated this beautiful classy restaurant was fully updated a few years ago for $300k. This well known Italian restaurant is a highly rated and favorite for those seeking the best in foods service and atmosphere.This 130 seat white cloth restaurant with off street on street and separate parking lot offers a full sit down bar huge clean prep basement with executive office wine and liquor room walk in boxes employee restroom and to much to list. Seller very ill and price is compromised for fast sale. This is a establishments the best of the best would be proud to own . Full staff in place seller will hold notes. Great place for a very experienced hands on manager or chef. Gold mine money maker!!! Nets over $6k weekly. DO NOT LOSE THE BEST OF THE BEST. Located near funeral parlor movies and too much to list. Choice location easy to get to from and route. Contact Broker Jim Aloi NOTE BEST Italian Restaurant LISTED BY JIM ALOI ALL YEAR! Lots on premise catering booked and great spot with lots of room to introduce and now add off premise catering. Fantastic kind understanding seller will help in anyway! Brand new 10 year lease in hand. Seller has very good records.

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.