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$200k Net, Seller Finance In Heart Of Babylon For Sale

Suffolk County, New York, US
Asking Price:
$375,000 Furniture / Fixtures included
Sales Revenue:
$850,000
Cash Flow:
$212,000

This is an exceptional opportunity to acquire a profitable, owner-operated Italian restaurant with a 30-year legacy. With a brand new lease available and an impeccable kitchen, the business is a perfect fit for a new owner looking to either build upon its strong reputation or capitalize on the prime location to launch a new brand. Closed on Sundays and major holidays.

Overview:

Revenue (2024): $850,000

Net Profit (2024): $212,000

Business Highlights:

Established 30 years

In heart of Southshore with a lot of foot traffic

Space is 1600 sqft

Sits 65 people

Owner operated

Fully staffed

Brand new lease will be given

Full basement

Beer and wine license

Closed Sundays & Major Holidays

Seller Finance: $150k Down

Lease: Brand New Long Lease to be given

A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION

Property Information

Real Estate:

Lease

Lease Terms:

New Lease will be given.

Leasehold Rent:

$84,000 per annum

Size in square feet:
1,600

Business Operation

Reasons for selling:

Other business interests.

Years established:
30

Other Information

Support & training:

Yes.