Popular Established Italian Restaurant, Central Nassau County

Nassau County, NY

Seller Financing Available
Popular Established Italian Restaurant, Central Nassau County
Contact Seller

Asking Price: Get Financing: $495,000

Cash Flow: $265,000

Gross Revenue: $1,480,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Lease Rate: $38 /SF/Month

Established: 1984

Popular Established Italian Restaurant, Central Nassau County

Get Financing Save Print Share Valuation Report

Business Description

Popular, profitable business with owner financing! Owner ready to deal!

This is an excellent opportunity to acquire an exquisite, fine dining restaurant, at a below market price! The owner has health issues and can no longer devote adequate attention to this thriving business, with a loyal regular customer base. This is a rare restaurant that has lunch & dinner business daily throughout the year. While others have slow evenings, with few dinners, this restaurant rarely has a slow day!

Diners love to eat at this popular, well-known white-tablecloth mainstay for Northern Italian dishes & fine wines. A professional, well-trained wait staff cordially greets all diners, with many guests regulars who are greeted by name. Once seated the waiter will continue to converse with his guests, provide the regular menu and explain the days special dishes for the diner to consider.

The business has been owned and operated by the present ownership for over 35 years and the owner is selling due to poor health and to enjoy retirement.

The restaurant enjoys a stellar reputation and has received outstanding reviews from the Wine Spectator and Zagat’s. Ownership prides itself on providing its clientele with a fine dining experience in a relaxed atmosphere. The décor features soft lighting and comfortable seating. Ownership makes every effort to assure that its clientele experiences a pleasurable dining experience and is constantly maintaining the décor, cleaning or replacing carpeting, ceiling tiles, etc., on a regular basis.

Attached Documents


Detailed Information

Real Estate:
Leased
Building SF:
3,300
Lease Expiration:
11/1/2029
Employees:
15
Facilities:
The owner takes pride in his establishment and appreciates the importance of ambiance to his clientele, regularly cleaning (and/or installing) new carpeting, ceiling tiles, etc. The restaurant has legal seating of 100, with ample room for catering small parties. A large basement provides a food prep area, two (2) walk-in boxes, a professional office and liquor/wine storage area. The building has a parking lot for 20 cars, with additional street parking available.
Competition:
This establishment enjoys an excellent, loyal customer base and is truly only limited by its own seating capacity. Reservations account for many of the dinners served, particularly over the weekends.
Growth & Expansion:
The restaurant is located on a busily trafficked main street and has an excellent catering business. Catered events are primarily arranged from the existing clientele base and ownership feels that more catering opportunities are possible for increasing business.
Financing:
Seller will provide financing to experienced operator at his discretion.
Support & Training:
The seller will remain for a sufficient period to transition the business.
Reason for Selling:
Seller is experiencing health issues and is ready to retire.
Contact Seller

Contact the Seller

(from currently available funds)
 
Contact Seller Loading

Angelo A. Ferrara

Business Listed By:
Angelo Ferrara

Rapt Enterprises Inc.

Show Phone Number

View My Listings

Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers.

Listing Statistics

Saved This Listing:
Unlock
Days Active On Site:
Unlock
Appeared in Search:
Unlock
Listing Detail Views:
Unlock


Ad#:1551661 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings


The Pizza Press

Franchise Opportunity In NY
Capital Required: $245,000