Italian Restaurant/Pizzeria For Sale

Nassau County, NY

Italian Restaurant/Pizzeria For Sale
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Asking Price: $900,000

Cash Flow: $300,000

Gross Revenue: $2,020,000

EBITDA: $350,000

FF&E: N/A

Inventory: N/A

Rent: $2.92 /Month

Established: 2002

Italian Restaurant/Pizzeria For Sale

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Business Description

Established Turnkey business for sale

Turnkey established Italian restaurant/bar with a party room, large outdoor patio and separate pizza/ takeout store located on a busy main road in an upper middle class/ affluent neighborhood located in the heart of the downtown surrounded by thousands of square feet of office space, close to two major LIRR stations and 3 minutes from a major healthcare facility with plans for a major expansion just 2 blocks from the business. Close to all Nassau County courts. Restaurant underwent a major renovation 5 years ago. This is a great opportunity for a dedicated operator. Currently there are 50 parties booked from December 2018 into the new year with more bookings on the way.

Detailed Information

Real Estate:
Leased
Building SF:
4,000
Lease Expiration:
5/31/2034
Employees:
30
Competition:
Only restaurant of its kind in its locality with all it has to offer. It’s a business within a business. It offers a large outdoor patio, separate party room, large dining room, large bar and a separate Pizza/Takeout store
Growth & Expansion:
Restaurant could increase sales by opening for lunch/ brunch on the weekends. A new office building/ retail building is in the process of opening directly across the street. A major hospital is expanding its operations just 2 blocks away, which will bring many more guests to the area.Nassau County is also in the process of building a new large office building within walking distance from the restaurant. 2 large luxury apartment buildings have opened in close proximity within the last 2 years, with another opening in just months.
Support & Training:
Will stay to train new owner for up to a month.
Reason for Selling:
needs to retire due to illness
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Business Listed By:
Michael White

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