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Business for Sale

Italian Restaurant for Sale in Suffolk County, NY
Suffolk County, NY

Listing #28902

   
Financial Information (non-confidential)
Asking Price $150,000.00 Gross Revenues $500,000.00
Down Payment $50,000.00 Owner’s Cash Flow $135,000.00

Financing: $50,000.00 Down and

Reason for Selling:

This is a wonderful, well-established, beautiful Italian restaurant. Under the same ownership for over 20 years. It is 2300 sq. ft., and has a bar area that boasts a wonderful wine selection, as well as spirits and brew. Owner does many private parties in the separate party room. The location is excellent with easy access. Monthly rent is only $6,276.00, and includes all taxes, trash, water and snowplowing. Current lease has 8 years remaining, with a 5-year option. Annual gross income is $500,000.00, plus catering business. Owner's in-pocket cash flow is $135,000. This is a terrific opportunity to own a well-established restaurant, with great potential to make it even better. Please call the broker for further information at 1-877-735-5224.

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.
Marie Goldstein
Senior Business Broker
1-877-735-5224
mgoldstein@vestedbb.com
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Marie Goldstein

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