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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.

Businesses For Sale   >>   New York Businesses For Sale Categories   >>   

Large Stand Alone Italian Restaurant

Location  New York,United States
Asking Price Range  $250K - $500K
Gross Revenues  $1200000
Net Profit / Cash Flow  $212000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  1980
Number of Employees  10 - 19
Relocatable  Not Disclosed
Number of Employees  10 - 19
Real Estate  Leased
Reason for Sale  Owner is retiring.
Description  Stand Alone 5,500 square feet Italian Restaurant with its own 24 space parking lot. This South Shore business has been family owned and operated for the past 30 years. They offer seating for 160 with a bar, main dining room and two private rooms for parties, big and small. The business owner is the landlord and will offer a generous, triple - net, 10 year lease with a 5 year option and the first right of refusal on the property. In 2009 the business grossed approximately $1,200,000 with a net income of approximately $212,000. Sales are split almost 50/50 between eat-in and catering. We are looking for an energetic restaurateur to take this to the next level. Serious and experienced inquiries only. Please be prepared to provide Proof of Funds for at least $400,000. Email or call Mel Vaz at 631-909-1095 for more information on this Italian Restaurant for sale.
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