Very motivated Seller. Upscale BYOB, Northern Italian restaurant located in of one the USA’s most affluent communities. Median household income over $124K. 50 spots plus 90 seats outdoor patio. 20 spots and 30 seats upstairs, party rooms optional, and 2 upstairs restrooms. Furniture, fixtures, and equipment valued at over $90K. New heater and boiler recently installed at a cost of $27K. On-premises parking for over 115 vehicles. Seller is the property owner and is offering a generous long term lease. He is also willing to stay on as long as necessary to assure smooth transition. Strictly confidential. Option: $550,000 cash. No rent for 7 years, after 7 years $6,500 per month for as long as the buyer wants. Contact Bill Friedman at for complete details
- Asking Price:
- $350,000
- Sales Revenue:
- $562,000
- Cash Flow:
- $263,500
Business Operation
- Reasons for selling:
-
Retiring
- Trading hours:
-
Noon-2:30pm, 5pm-9:30pm, 7 days
- Employees:
- 10
- Years established:
- 75
Other Information
- Support & training:
-
As long as necessary for a smooth transition
