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Business for Sale Summary

Italian Restaurant - Nassau County NY - 30792

Business Type: bar/tavern/night clubs,other eating & drinking places,other food stores,best deals!,new to market,seller financing available,restaurant/ cafes
Italian Restaurant - Nassau County NY
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Financial Information (non-confidential)

General Information
Asking Price $225,000 Down Payment $135,000
Gross Revenues $286,000 Lease Remaining Register Free to View
Owner’s Cash Flow $0 Number of FT Employees Register Free to View

Financing

$135,000 Down and $90K over 5 yrs. @6%

Business Description

Italian restaurant opportunity sale! This is a beautifully-appointed restaurant, located in a great South Shore, Nassau County town. The owner spent over $300K in renovating the space, and it shows. Unfortunately, he has had limited time to manage this business, due to another business he must also manage. That is why it is on the market. It is open for business, and currently averages $5,500/week in sales. It is a spacious 1,600 sq. ft., with seating for 32 and a full 1,600 sq.ft. basement. They have a full kitchen with hood, and a beer and wine license. A full liquor license can be obtained. The lease is phenomenal for the area. There are 18 years remaining at a rent of $3,300/month. The business is located in a strip of stores on a very heavily-travelled road. It has its own parking lot with 17 spaces. None of the other stores are food service related, and all are closed in the evening, so there is full use of the lot for the restaurant. This space can be operated with the current concept, or you can bring in something entirely new. To set up a space like this from scratch would take nearly 2 years and $300K. We are seeking a serious and financially qualified buyer with at least $135K in liquid funds to cover the downpayment. To learn more, please call Mel Vaz today at 1-877-735-5224. ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT MENTION THE SALE WHEN VISITING THE LOCATION.

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. kg

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.