Upscale Italian Restaurant- Long Island NY

Westbury, NY (Nassau County)

Seller Financing Available
Upscale Italian Restaurant- Long Island NY
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Asking Price: Get Financing: $550,000

Cash Flow: $400,000

Gross Revenue: $1,750,000

EBITDA: N/A

FF&E: $90,000

Inventory: $40,000*

Lease Rate: $10,600 /Month

Established: 1984

*not included in asking price.

Upscale Italian Restaurant- Long Island NY

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Business Description

Upscale First Class Italian Fine Dining Restaurant in Nassau County North Shore established 34 years same owner must sell health reasons and retirement. Consistent sales year after year with award winning specials. Restaurant is in impeccable condition including all equipment. It operates 7 days for lunch and dinner serving private parties and take out. It seats 145 people with private parking of 22 spaces and full basement with over 4000 SF . Owner has full liquor license and averages $33,000 per week. Priced below market value and looking to transact sale quickly for health reasons. Confidentiality is of utmost importance to owner.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
3,000
Lease Expiration:
6/14/2029
Employees:
15
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Dining area 3000 SF Basement 1000 SF 22 private parking spaces and all updated equipment
Growth & Expansion:
Can do deliveries
Financing:
AVAILABLE
Support & Training:
owner willing to stay on for 3 to 6 months
Reason for Selling:
health and retirement
Contact Seller

Contact the Seller

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John Lauria

Business Listed By:
John Lauria

Inbar Group Inc - Business Brokers

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Sponsoring Broker:
Jay M. Inbar,Certified Mergers &Acquisition Pro


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