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Local Italian Restaurant In New York For Sale

New York, US
Asking Price:
$325,000
Sales Revenue:
$800,000
Cash Flow:
$200,000

Beautiful old-school Italian restaurant located in the flourishing neighborhood of Manhattan. NETS 200k! Very well known!

1700 square feet, seats 64 inside and an additional 12 seats outside. During the summer months, the street is closed to vehicles and they are allowed to add 24 seats.

There is a large kitchen with a 14-foot hood, a 12-burner stove as well as a brick oven, and a huge prep area. There is an additional 800 sq ft basement.

The owner owns the building and will act as your landlord.

Great new 10-year lease, rent well below market at only 12,500/mo.

Property Information

Location:

New York County, New York

Business Operation

Reasons for selling:

Retirement

Employees:
6 FT/2 PT
Years established:
18

Other Information

Support & training:

Seller will train

Furniture / Fixtures value:
$100,000