4,000 SF. Italian Restaurant in Prime Location - 32289

Nassau County, NY

Seller Financing Available
Restaurant Business in Nassau County
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Asking Price: $750,000

Cash Flow: $245,463

Gross Revenue: $2,350,000

EBITDA: N/A

FF&E: $750,000

Inventory: $30,000*

Established: 2003

*not included in asking price.

4,000 SF. Italian Restaurant in Prime Location - 32289

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Business Description

Italian Restaurant

4,000 SF. Italian Restaurant in Prime Location. This business is in the heart of an affluent neighborhood in a main street location with tremendous traffic and great parking. The current owner has been here for 17 years. This is a top notch space with a 3,200 sf. main dining room seating 90, an 800 sf. private party room seating 60 and a 1,000 sf. outdoor patio seating 60. They also have 25 seats at the bar with a full liquor license. THERE ARE 14 YEARS LEFT ON THE CURRENT LEASE with a total rent of $14,200/mth (including all taxes and fees). There is a separate pizzeria and takeout space as well. In the past year the business grossed approx. $2,350,000.00 with a net cash flow of approx. $245,463.00. The business is fully staffed with 12 full-time employees and 16 part-timers. We are seeking a serious and financially qualified buyer with at least $530K in liquid funds to cover the $500K down payment and approx. $30K in inventory (the $69K rent security deposit is included in the sale price). To learn more, please call or email Mel Vaz today at 631-909-1095 or melvaz@vestedbb.com. ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT SPEAK WITH ANYONE WHEN VISITING THE LOCATION. ALL MEETINGS MUST BE MADE BY APPOINTMENT ONLY!

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.

For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-32289 for instant access to this business information.

Detailed Information

Location:
Nassau County, NY
Inventory:
Not included in asking price
Employees:
12/16
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
500,000.00 Down & $250K over 4 yrs. @ 6%.
Support & Training:
Seller will train
Reason for Selling:
partner illness
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(from currently available funds)
 
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Vested Business Brokers, Ltd

Business Listed By:
Vested Business Brokers, Ltd

Vested Business Brokers, Ltd

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