Italian Cuisine / Restaurant Row / Bronx Little Italy

Bronx County, NY

Seller Financing Available
Italian Cuisine / Restaurant Row / Bronx Little Italy
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Asking Price: $550,000

Cash Flow: $240,000

Gross Revenue: $1,750,000

EBITDA: N/A

FF&E: N/A

Inventory: $30,000

Rent: $8,300 /Month

Established: 1981

Italian Cuisine / Restaurant Row / Bronx Little Italy

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Business Description

Italian Restaurant located on Restaurant Row in the Little Italy section of The Bronx. Family owned business serving guests and the community for over 30 years. Family style servings. Catering and a private dining room available for special occasions, parties, weddings, banquets, etc.. Fine food made from fresh ingredients for lunch and dinner. Free parking available with attendants in private parking lot located on the premises with over 25 car parking units. Strong client base from nearby college campuses such as Fordham University. French doors open in the dining area during the summer and spring seasons.Great atmosphere, enormous kitchen and tons of storage space. Kitchen equipment is in great condition. New grease trap, boiler, etc. Full service bar with an extensive wine list to compliment the traditional Italian menu items.

Family owns property! 20 year lease with options. 16 years remaining. Rent includes taxes. 3% annual increase. Restaurant 3,000 sq. ft. Private parking lot 2,000 sq. ft.

Detailed Information

Location:
Bronx County, NY
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
5,000
Lease Expiration:
N/A
Employees:
22
Competition:
Only restaurant on restaurant row with parking lot on premises. Outdoor seating may be available. Great lease, low rent rate.
Growth & Expansion:
Deliveries, Catering, Outdoor Seating, Online Presence.
Support & Training:
2 weeks
Reason for Selling:
retiring
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Ricardo Molina

Business Listed By:
Ricardo Molina

Transworld Business Advisors of NY

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Sponsoring Broker:
Transworld Business Advisors

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