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Financing: $650,000.00 Down and Reason for Selling:Retiring Well-Established Italian Restaurant & Pizzeria – This well-known Italian restaurant and pizzeria has proudly served the Northern Westchester County community for over 50 years. After decades of success, the owner has decided to retire, creating an outstanding opportunity for a new owner. The restaurant features three spacious dining rooms, a dedicated pizzeria area, and outdoor dining for the summer season. The business is currently operated only four days a week, serving lunch and dinner, leaving significant room for growth. The business currently generates approximately $40,000 per week. A hands-on owner or experienced operator who expands the business to six days a week could potentially increase weekly sales to between $55,000 and $60,000 per week or more. The lease offers excellent terms with a 10-year lease, no rent increase for the first two years, followed by a 3% annual increase, plus applicable real estate tax increases. The property also offers ample parking for customers. This business is ideal for either an owner-operator or an absentee owner with strong management. An additional opportunity is available for buyers interested in real estate ownership. The business may be purchased together with the property, or the buyer may negotiate an option to purchase the property at a future date. The sale price of the property is to be determined. Don’t miss this exceptional opportunity! For more information, please contact: Proof of funds is required prior to scheduling a confidential showing.
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 | 24 Woodbine Ave, Suite #204 Northport, NY 11768 | vestedbb.com |
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