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BUSINESSES FOR SALE

If you are looking to buy a business or sell a business, GlobalBX can help you. GlobalBX is a free business for sale listing exchange that provides a confidential forum to facilitate the buying and selling of businesses with thousands of businesses and franchises for sale as well as comprehensive business information for business buyers and business sellers. Buy a business, sell a business, find a franchise for sale or franchise opportunity at GlobalBX. Click Here to access GlobalBX's full site.

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Landmark Italian Restaurant

Location  New York,United States
Asking Price Range  $500K - $1.0M
Gross Revenues  $1070000
Net Profit / Cash Flow  $187000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  1933
Number of Employees  20 - 34
Inventory  34000
Relocatable  No
Number of Employees  20 - 34
Real Estate  Owned
Training  Seller will stay on for a negotiated transition period.
Reason for Sale  Age and health considerations
Description  The company focuses on Italian specialty dishes prepared with exquisite attention to detail and made with the finest ingredients. For 80 years, this facility has offered fine family dining to a loyal customer base, being recognized by many publications as one of the finest Italian restaurants in Upstate NY. The wait staff is knowledgeable, professional and cordial; their ultimate goal is to provide for a memorable dining experience. This business is the second oldest restaurant in the City and is still considered one of the best Italian restaurants in the area. Under the current management, the restaurant has been selected many times by local residents as the best Italian restaurant in the Capital District. The customer base consists of professional people from the local business world, politicians, educational institutions, the high tech industry, as well as local residents. They have had the opportunity and privilege to serve several celebrities and government officials from around the world. When the restaurant was purchased by the current owners, they upgraded all of the plumbing and electrical systems, installed new air conditioners and re-tiled the floors in the bar area and the main dining room. In 1999, they added an addition that functions as a Banquet room and extended the kitchen. At that time, all of the furnishings in the banquet room were new and all of the appliances in the kitchen were replaced with new equipment. The building consists of the bar, separate from, but attached to the Dining Room and a Banquet room. Asking price for the business and substantial Real Estate is $795,000. Call 518-369-5959 for more details.
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