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Excellent Italian Restaurant In Nassau County For Sale

Nassau County, New York
Asking Price:
$699,000 (USD)
Sales Revenue:
$2,350,000 (USD)
Cash Flow:
$245,463 (USD)

4,000 SF. Italian Restaurant in Prime Location. This business is in the heart of an affluent neighborhood in a main street location with tremendous traffic and great parking. The current owner has been here for 17 years. This is a top notch space with a 3,200 sf. main dining room seating 90, an 800 sf. private party room seating 60 and a 1,000 sf. outdoor patio seating 60. They also have 25 seats at the bar with a full liquor license. There are 14 years left on the current Lease with a total rent of $14,200/mth (including all taxes and fees). There is a separate pizzeria and takeout space as well. In the past year the business grossed approx. $2,350,000.00 with a net cash flow of approx. $245,463.00. The business is fully staffed with 12 full-time employees and 16 part-timers. We are seeking a serious and financially qualified buyer with at least $480K in liquid funds to cover the $450K down payment and approx. $30K in inventory (the $69K rent security deposit is included in the sale price). To learn more, please call or email mel vaz today at. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be made by appointment only!

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Business Operation

Reasons for selling:

Partner's illness

Employees:
12ft/16pt
Years established:
17

Other Information

Support & training:

Seller will train

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

450,000.00 Down & $249K over 4 yrs. @ 6%.

Furniture / Fixtures value:
$750,000 (USD)
Inventory / Stock value:
$30,000 (USD)

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