Full-Service Italian Restaurant

Manhattan, NY (New York County)

Full-Service Italian Restaurant

Asking Price:N/A

Cash Flow:N/A

Gross Revenue:$2,100,000




Rate/Sq. Ft.:N/A


*not included in asking price.

Full-Service Italian Restaurant

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Business Description

Italian Restaurant Manhattan, NY (New York County)

The Company operates as a white table cloth Italian restaurant in which revenue is derived from food (62.6% of 2015 revenue), alcohol (34.4%), and other beverages (3.0%). It provides a selection of authentic Italian cuisine in a modern way, and uses the highest-quality ingredients which are imported directly from Italy or locally grown. The Company operates one location and serves brunch, lunch, and dinner throughout the different dining rooms in the restaurant.
It has an approximate 100 -person indoor seating capacity spread out between the dining room, bar, and lounge area. The Company also has additional garden patio seating, which are available during pleasant weather. Daily ticket count averages over 100, but can vary depending on the meal, season, and day of the week. Including all areas, the restaurant totals 2,500 square feet; the kitchen is larger than most nearby restaurants, and is adequately sized to service the restaurant during peak hours. The Company is currently staffed by 30 full-time employees.

Detailed Information

Not included in asking price
Real Estate:
Building Sq. Ft.:
Lease Expiration:
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Space is a 2,500 square foot restaurant that includes a large kitchen, dining room, bar, lounge, front and a garden room. The kitchen is larger than most nearby restaurants and is adequately sized to service the restaurant during peak hours. The restaurant is located in close proximity to major entertainment centers in a growing neighborhood. The restaurant facility is leased from an unrelated third party and can accommodate higher revenues without major facility improvements or capital expenditures.
Growth & Expansion:
Superior Name, Reputation, and Location: The Company has a long-standing reputation for providing authentic Italian food using the freshest and highest-quality ingredients. The restaurant is well-known for its excellent location, ambience, and food. Gross Profit Percentage is Above Industry Benchmarks: The restaurant's 2015 gross profit as a percentage of sales was 72.6% compared to the industry average of 60.2%. It is able to maintain a lower cost of food, beverages, and alcohol purchases in caparison to revenue than its industry peers. Full-service Italian restaurants typically draw their customers from higher-income households. Because of this factor, operators are beneficiaries of any growth in the number of households with incomes of more than $100,000. The number of households earning more than $100,000 annually is expected to increase during 2015.
Support & Training:
Management Will Remain through Transition: Owners are willing to stay with the Company during a transition period in order to ensure a seamless transfer of ownership.

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Ahmad Behjati

Business Listed By:
Ahmad Behjati

Behjati Capital Group LLC Mergers & Aquisitions

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