Italian Restaurant “Priced to Sell” For Sale

Business description

This “Attractive” Italian Restaurant is located on the South Shore of Nassau County and is “Drastically Reduced” for a “Quick Sale.” The Restaurant is a “Freestanding” Building with a “Full Basement” and seats-60 at tables. It has a “Full Liquor License” and service Bar. This Restaurant is an excellent location for virtually “Any Type” of small Restaurant venue. The Seller is retiring and may finance with 60% down to an experienced operator (prefers cash-out offer at a reduced price). The Lease is 9-yrs with a monthly Rent of $5,750 per month (includes taxes, increases 3.5 % per year).

Property information

Real Estate:

Lease

Lease terms:

The Lease is 9-yrs with a monthly Rent of $5,750 per month (includes taxes, increases 3.5 % per year).

Leasehold rent:

$69,000 per annum

Location:

The Restaurant seats-60 at tables and is a “Freestanding” Building (2000 sq. ft ) with a “Full Basement” and private parking lot.

Premises details:

The Restaurant seats-60 at tables and is a “Freestanding” Building (2000 sq. ft ) with a “Full Basement” and private parking lot.

Other information

Expansion potential:

This restaurant is only open 5-days per week from Tues. - Saturday. You can immediately add approximately $3,000 per week in gross business by opening on Sundays and Mondays.

Support & training:

Seller with assist in training.

Reasons for selling:

Seller may finance with 60% down to an experienced operator (prefers cash-out offer at a reduced price).

Trading hours:

Open 5-days, lunch and dinner

Furniture / Fixtures value:

$150,000 (included in the asking price)

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