Upper West Side Italian Restaurant With Outdoor Seating

New York, NY (New York County)

Seller Financing Available
Upper West Side Italian Restaurant With Outdoor Seating
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Asking Price: Get Financing: $325,000

Cash Flow: $160,000

Gross Revenue: $800,000


FF&E: $75,000

Inventory: $1,400

Lease Rate: $12,000 /Month

Established: 2008

Upper West Side Italian Restaurant With Outdoor Seating

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Business Description

This traditional Italian restaurant on Manhattan’s Upper West Side has been a neighborhood favorite since opening in 2008. With a warm interior of exposed brick walls and wood floor, it comfortably seats 52 and features outdoor café seating in season. It is located a short walk from Central Park and some of New York’s favorite museums which means traffic from the neighborhood and tourists as well. Their menu is a blend of different styles and flavors from all over Italy, and all pasta, ravioli and gnocchi are made in-house. The current liquor license is for wine and beer but this location has had a full liquor license in the past.

Hours: Open Monday-Friday 3pm-11pm. Saturday-Sunday 11am-11pm, including Brunch.

Lease: 9.5 years remain on the ten-year lease. There is also a five-year renewal option. Rent is $12,000/month, not including real estate taxes. 1,200 square feet on the ground floor plus basement storage.

The Transaction: The deal structure will be an asset sale. The reason for the sale is the seller's desire to relocate out of state. Owner will train for two weeks at no charge. Seller financing may be available to qualified buyers. Offered at $325,000.

Detailed Information

Included in asking price
Real Estate:
Building SF:
Lease Expiration:
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Support & Training:
2 weeks
Reason for Selling:
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Contact the Seller

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Bob Dunphy

Business Listed By:
Bob Dunphy

Transworld Business Advisors of NY

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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.

Sponsoring Broker:
Transworld Business Advisors

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