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Italian Restaurant In Nassau County For Sale

Nassau County, New York, US
Asking Price:
$589,000
Sales Revenue:
$2,350,000
Cash Flow:
$245,463

Italian Restaurant In Nassau County, NY-32289

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 $499K in liquid funds to cover the $400K down payment, approx. $30K in inventory and $69K in rent security. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be made by appointment only!Attention Business Owners:We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business.

If interested, please contact the seller through the form on this page.

For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-32289 for instant access to this business information.

Business Operation

Reasons for selling:

Partner's illness.

Employees:
12FT/16PT
Years established:
2003

Other Information

Support & training:

Seller will train

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

400,000.00 Down & $189K over 3 yrs. @ 6%.

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

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