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Profitable Restaurant For Sale In Nassau County

New York, US
Asking Price:
$1,100,000
Sales Revenue:
$2,300,000
Cash Flow:
$450,000

LISTING ID # 33498

Since 1938, this Italian Restaurant is serving the local community in a very reputable way. It is located in one of the richest areas on Long Island. Its gross sale is over 2.2 million a year; has it own bar. It has the seating arrangement of 100 guests at a time. All the employees have been working for many many years and are willing to work with a new owner. The restaurant is known for its scrumptious and mouthwatering dishes. All day to day business is fully computerized and is openly verifiable. Seller wants to sell with property for 2.9 million. The existing loan is transferrable. Seller's net cash flow, after all the expenses is over $450,000 a year. Property is being sold through PMTG Reality. It is once in a life time opportunity to buy this kind of highly profitable business. Proof of funds is a must.

Business Operation

Reasons for selling:

personal

Employees:
12FT/13PT
Years established:
81

Other Information

Support & training:

Seller Will Train

Financing available:

900,000.00 Down & 200K at 9% over 36 months

Furniture / Fixtures value:
$300,000
Inventory / Stock value:
$100,000