Authentic Italian Restaurant-Squisito e Buonissimo!

Brooklyn, NY (Kings County)

Seller Financing Available
Authentic Italian Restaurant-Squisito e Buonissimo!

Asking Price:$1,000,000

Cash Flow:$200,000

Gross Revenue:$1,100,000

EBITDA:N/A

FF&E:$100,000

Inventory:N/A

Rate/Sq. Ft.:N/A

Established:2002

Authentic Italian Restaurant-Squisito e Buonissimo!

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Business Description

Get ready to own an amazing restaurant in one of the best locations Brooklyn has to offer. It comes with an excellent lease and is stunning. This business has been around for 14 years and has perhaps the best online reviews of any restaurant anywhere. Seller recently acquired half of the business from his partner. His benefit is estimated to be over $200,000 this year. In future year he speculates that benefit to increase drastically because of recent renovations.

Lease is amazing. Seller has 10 year lease for 2,200 square feet as well as an 800 square foot second level, and 1,200 square foot basement. Seating is for 73, but new owner can apply for greater seating and making use of second floor as well. It is true authentic Italian and the chef that will come with business has been making dishes since the restaurants inception.

Seller has a lot of faith in this location and is willing to provide up to $400,000 of financing. This is a great opportunity for the experienced owner or someone looking to make the step up.

Note: All data on this business is provided by the Seller for information purposes only, and no representations are made by Broker as to the accuracy of same. Broker has made no independent verification of the data contained herein. Buyer is advised to perform its own due diligence and seek the advice of professionals prior to purchasing the Business.

Detailed Information

Real Estate:
Leased
Building Sq. Ft.:
N/A
Lease Expiration:
N/A
Employees:
9
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
400000
Support & Training:
2 weeks
Reason for Selling:
other businesses

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Tom Gesimondo

Business Listed By:
Tom Gesimondo

Transworld Business Advisors

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