Italian Restaurant in Suffolk County, NY - 28902

Suffolk County, NY

Seller Financing Available
Italian Restaurant in Suffolk County, NY  - 28902
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Asking Price: $220,000

Cash Flow: $135,000

Gross Revenue: $500,000

EBITDA: N/A

FF&E: $80,000

Inventory: $15,000*

Established: N/A

*not included in asking price.

Italian Restaurant in Suffolk County, NY - 28902

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Business Description

Italian Restaurant in Suffolk County, NY - 28902

This is a wonderful, well-established, beautiful Italian restaurant. Under the same ownership for over 20 years. It is 2300 sq. ft., and has a bar area that boasts a wonderful wine selection, as well as spirits and brew. Owner does many private parties in the separate party room. The location is excellent with easy access. Monthly rent is only $6,276.00, and includes all taxes, trash, water and snowplowing. Current lease has 8 years remaining, with a 5-year option. Annual gross income is $500,000.00, plus catering business. Owner's in-pocket cash flow is $135,000. This is a terrific opportunity to own a well-established restaurant, with great potential to make it even better. Please call the broker for further information at 1-877-735-5224.

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.

Detailed Information

Inventory:
Not included in asking price
Employees:
9
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
120,000.00 Down & TBD
Support & Training:
Yes
Business Website:
http://www.vestedbb.com
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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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