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Financing: $50,000.00 Down and Balance to be determined for a qualified buyer 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. |
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Disclaimer: The information in these listings have been provided by the Seller and Vested Business Brokers, Ltd. has not independently verified this information and has no responsibility for its accuracy or completeness. Vested recommends that you consult with an accountant, attorney and other professionals to represent and assist you in any transaction. Vested's associate brokers will arrange a meeting between you, your representatives and the Seller, but is not authorized to make any representations or warranties. You agree to hold Vested and its associated brokers harmless of any misrepresentations made by seller. |
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1(877) 735-5224 | 50 Karl Ave Smithtown, NY 11787 | vestedbb.com |
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