Super Cash Flowing Italian Restaurant with Property

Westchester County, NY

Super Cash Flowing Italian Restaurant with Property
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Asking Price: N/A

Cash Flow: $281,000

Gross Revenue: $1,450,000

EBITDA: $281,000

FF&E: $400,000

Inventory: $15,000

Real Estate: $1,186,000

Established: 1995

Super Cash Flowing Italian Restaurant with Property

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Business Description

Established, stable, excellent growth potential

This high volume business with excellent cash flow and loyal customer base has been highlighted as one of the Hudson Valley’s best, year after year. Gross business volume has consistently been between $1,450,000 and $1,550,000. The property the business occupies along with three additional tenants is producing an annual profit before debt service of $83,000. The property does not have a mortgage.
Because of the confidential nature of the sale, ownership has asked any potential buyer to submit the attached profile and Confidentiality Agreement. Once submitted, all potential buyers will be contacted to discuss any inquiries.

Attached Documents


Detailed Information

Location:
Westchester County, NY
Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
4,600
Employees:
30
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Restaurant sits 75 persons and has in-house private room for 40 people. Fully equipped for sit sown and ability to cater outside events for 600 people. On-site parking.
Competition:
The past 20+ years have seen a multitude of failed attempts from area restaurants to annex the establishment's loyal customer base.
Growth & Expansion:
Pro: off-site catering is expected to grow 10% annually Con: business may need to expand its kitchen and prep facility to accommodate the increased volume
Financing:
owner is not motivated to finance the sale
Support & Training:
Current ownership will remain post closing for a period of time to provide for an ease of transition.
Reason for Selling:
Owner is relocating out of state with a new and different business venture
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Business Listed By:
Frank Fiorella

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