Huge Price Drop Due to illness-Italian Specialty Store-$800k Buildout

Sayville, NY (Suffolk County)

Huge Price Drop Due to illness-Italian Specialty Store-$800k Buildout
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Asking Price: $225,000

Cash Flow: $238,404

Gross Revenue: $928,200

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $6,900 /Month

Established: N/A

Huge Price Drop Due to illness-Italian Specialty Store-$800k Buildout

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Business Description

After 1 year of investing $850k in equipment and a brand new build out at this location the family who owns and operates this Well known Italian Specialty store is forced to sell due to a family illness. What a prime location to operate this type of business. Located in a very upscale area , the local clientele does not hesitate to spend money on the fantastic food that this location has to offer. Very well known Brand with a huge following. Not only the locals but customers from the surrounding towns frequent at this location. With a long term lease ( 9+5 ) in place which can be assigned to a financially capable buyer & no increases for the next 5 years. This business is very well branded and comes with everything you need to continue the uphill ride that the sales are on. Recently added Door Dash , Grub Hub & Uber Eats which will increase drastically. Seller very motivated and will finance with the right offer.

Detailed Information

Location:
Sayville, NY
Real Estate:
Leased
Building SF:
2,000
Lease Expiration:
8/14/2028
Support & Training:
Seller willing to train new owner
Reason for Selling:
Health Issues
Business Website:
http://www.eastcoaststores.com
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Contact the Seller

(from currently available funds)
 
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Henry Galasso

Business Listed By:
Henry Galasso

East Coast Stores LLC, NYC

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