Priced to Sell! Well-Known Italian Restaurant in Biz Over 20 Yrs

Suffolk County, NY

Seller Financing Available
Brick Oven & Italian Food Large Bar
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Asking Price: Get Financing: $250,000

Cash Flow: N/A

Gross Revenue: $1,150,000

EBITDA: N/A

FF&E: $200,000

Inventory: $20,000*

Lease Rate: $11,500 /SF/Month

Established: 1996

*not included in asking price.

Priced to Sell! Well-Known Italian Restaurant in Biz Over 20 Yrs

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Business Description

Great opportunity to own a very popular and well-known restaurant in business over 20 years. Located on one of the busiest roadways in the county. Over 3,300 sf, seating for 105 with large bar, ample parking for over 75 cars, well-equipped kitchen and facilities. All equipment updated and less than 5 years old. Large Wood Burning Stove. Security System, POS System included. LOCATION, LOCATION, LOCATION. Very rare to have a restaurant opportunity in this busy entertainment and restaurant section. Turn-key, ready to go. Current cuisine can be easily changed. This restaurant has been a staple in this upscale area for years. Owner is ready to retire. WILL NOT LAST AT THIS PRICE. SERIOUS INQUIRIES ONLY....CONTACT DARLENE RAGONE TODAY at 888-869-6069, Ext. 103.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
1/1/2025
Employees:
30
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
3300 sf., large bar, storage area upstairs and 3 storage units outside 75 parking spots. Stand Alone Building, 2 curb cuts for easy in/out access.
Growth & Expansion:
approved for onsite and offsite catering Hot and Cold
Support & Training:
yes
Reason for Selling:
retiring
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Contact the Seller

(from currently available funds)
 
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Darlene Ragone

Business Listed By:
Darlene Ragone

Moxie Brokerage Group, Inc.

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