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Business for Sale

Italian Restaurant - Nassau County NY
Nassau County, NY

Listing #30792

   
Financial Information (non-confidential)
Asking Price $225,000.00 Gross Revenues $286,000.00
Down Payment $135,000.00 Owner’s Cash Flow $0.00

Financing: $135,000.00 Down and $90K over 5 yrs. @6%

Reason for Selling:Another business.

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
Melvin L. Vaz
Senior Business Broker
631-909-1095
melvaz@vestedbb.com
Servicing Area:
All of NY
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Melvin L. Vaz

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.

1(877) 735-5224 | 24 Woodbine Ave, Suite #204 Northport, NY 11768 | vestedbb.com

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