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Established Italian Restaurant In New York For Sale

New York, US
Asking Price:
$200,000 Inventory / Stock included
Sales Revenue:
$1,100,000
Cash Flow:
Available on request

LISTING ID: 35759

White Cloth Italian Restaurant was established and owned for 40 years. Highly rated, this beautiful, classy restaurant was fully updated a few years ago for $300,000. This well-known Italian restaurant is a favorite for those seeking the best in food service and atmosphere. This 130-seat white-cloth restaurant with off-street parking and a separate parking lot offers a full sit-down bar, a huge clean-up basement with an executive office wine and liquor room, walk-in boxes, an employee restroom, and too much to list. The seller is very ill, and the price is compromised for a fast sale. This is an establishment the best of the best would be proud to own. The full staff is in place, and the seller will hold notes. Great place for a very experienced hands-on manager or chef. Nets over $6k weekly. Located near plenty of other businesses that help generate foot traffic, The chosen location is easy to get to from all routes. Contact Broker Lots of on-premise catering booked, a great spot with lots of room to introduce, and now off-premise catering. The present seller is absent and not there to see business. Price to sell: Meet the seller for more details. This place could be doing double with hands-on buyers.

Business Operation

Reasons for selling:

Partner

Employees:
8 FT/3 PT
Years established:
30

Other Information

Support & training:

Seller will train

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

122,500.00 Down & $122.5k for 5 years @ 8%

Furniture / Fixtures value:
$125,000
Inventory / Stock value:
$20,000 - included in the asking price