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Business for Sale Summary

Italian Restaurant for Sale in New York - 35759

Business Type: assets only sale,pizza parlour,owner financing available,restaurant/ cafes/ diners
Owner Financing
Italian Restaurant for Sale in New York
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This business has received 121 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $200,000 Down Payment $122,500
Gross Revenues $1,100,000 Lease Remaining Register Free to View
Owner’s Cash Flow $0 Number of FT Employees Register Free to View

Financing

$122,500 Down and $77.5k for 5 years @ 8%

Business Description

White cloth Italian Restaurant established and owned 40 years. Highly rated this beautiful classy restaurant was fully updated a few years ago for $300k. This well known Italian restaurant is a 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 an establishment the best of the best would be proud to own . Full staff in place and seller will hold notes. Great place for a very experienced hands on manager or chef. Nets over $6k weekly. Located near plenty of other businesses that help generate foot traffic. Choice location easy to get to from all routes. Contact Broker Jim Aloi at 631-375-4100. Lots on premise catering booked and great spot with lots of room to introduce and now add off premise catering. Present seller is absentee and not there to see business. Price to sell meet seller for more details. This place could be doing double with hands on buyer.

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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.