Italian Restaurant & Bar for Sale in New York - 36663 Business Type: bar/tavern/night clubs,other eating & drinking places,pizza parlour,restaurant/ cafes/ diners

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Financial Information (non-confidential)
General Information | |||
---|---|---|---|
Asking Price | $1,200,000 | Down Payment | $1,200,000 |
Gross Revenues | $1,500,000 | Lease Remaining | Register Free to View |
Owner’s Cash Flow | $332,000 | Number of FT Employees | Register Free to View |
Financing
$1,200,000 Down and TBD
Business Description
This upscale 5,700-square-foot restaurant and bar, seating 170 guests, is located in a highly desirable, bustling area of an up-and-coming town with heavy foot traffic.
Built 8 years ago at a cost of $2.2 million, the property is well-equipped with a large kitchen featuring walk-in refrigerators, a full-service sit-down bar, 3 dining rooms, a catering room, and 5 restrooms.
Despite its prime location and excellent setup, the current owner operates with limited hours (6 days a week), does not offer Sunday brunch, and has scaled back catering services, leaving significant room for growth.
A motivated buyer with strong marketing and operational skills could double the current revenue by expanding hours, introducing Sunday brunch, and offering entertainment such as a DJ or live music.
This rare opportunity is ideal for an experienced buyer looking to capitalize on the restaurant’s untapped potential. The listing may qualify for bank financing. For more information, contact Broker Jim Aloi at 631-375-4100.
In addition, please register with the listing number above by going to vestedbb.com, enter this number into the search bar, expand the listing, click on “view free financials”, fill out the short contact form and you are registered. This is our electronic non-disclosure agreement.
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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.
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