Retail - Restaurants | Retail - Miscellaneous Retail

Asking Price	$375,000	Inventory
Gross Income	$370,000	Real Estate
Cash Flow	Not Disclosed	Year Established	1993
FF&E	$100,000*	Employees	8

* included in the asking price

** not included in the asking price

Upscale and very successful Italian Restaurant also serving pizza is being offered for the first time in 15 years by the original owner. The current location has been completely refurbished and updated and all of the kitchen equipment is 5 years old or less. This is a complete "turn-key" business with the employees willing to stay on with the new owner. The current owner is only present in this business a few hours a week as he owns several other restaurants. Equipment: Approximatley $100,000. in equipment, fixtures, etc, is included in the sale price. Competition: There is no other Italian restaurant in the area and there are a lot of NYC weekenders that come to the town looking on the weekends looking for good places to eat. Lease: $1,250 per month + any increase in taxes - there is over 15 years left on the lease with 3 options. Support/Training: The Seller will assist the new owners during the transition. The employees, including the cooks/chefs are willing to stay on. Reason Selling: The Seller has other business interests in the county. Year Established: 1993 Employees: 10 ( 2 Full Time - and 8 Part-Time) Annual Gross Sales are approximately $370,000. with sales tax records offered to verify sales. Tax records will not be provided as they cover several different businesses. This business is also a confidential listing and any potential buyer who is interested will be expected to provide proof of their financial ability to purchase a business with real estate in this price range, before additional information or appointment to see the business is given. Financing: There is no owner financing offered.

Facilities: Approximately 2,200 square feet of usuable space, with addition storage space in the besement.

Competition: No other Italian restaurant in the local area.

Support/Training: The Owner will assist in the transition.

Reason Selling: Owner has several other restaurants and is moving into country club catering.