Beautiful Italian Restaurant For Sale
Location New York,United States
Asking Price Range $250K - $500K
Gross Revenues $416000
Net Profit / Cash Flow $138502
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2006
Number of Employees 10 - 19
Relocatable Not Disclosed
Number of Employees 10 - 19
Real Estate Leased
Reason for Sale Other interests.
Description Busy Italian Restaurant for sale on a main street in a wealthy Queens neighborhood where some of the borough's best restaurants are located. The decor is outstanding white table cloth, and a hand painted mural on the walls. Table seating for 60 and full bar that seats 10. Totally equipped professional kitchen that can double as a catering kitchen for outside events. They currently only serve dinner 6 days a week so a new owner could increase revenue by serving lunch, weekend brunch and adding outside catering. LOW RENT $2,500 per month, LONG LEASE 15 years, OPTION TO BUY THE BUILDING! The owner has a pizzeria in another part of town and has trouble spiting his time between 2 businesses so this is your opportunity to move in and make some money.
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