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

Authentic Italian Restaurant For Sale

Location  New York,United States
Asking Price Range  < $250K
Gross Revenues  $504000
Net Profit / Cash Flow  $180000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  2005
Number of Employees  6 - 9
Relocatable  No
Number of Employees  6 - 9
Real Estate  Leased
Description  Located in the heart of New Rochelle this popular authentic Italian restaurant for sale is a favorite dining destination for families, couples and aficionados of homemade ravioli casalinga, succulent costettal alla griglia, beautifully seasoned gamberi scampi as well as many other authentic Mediterranean dishes. Turn key operation - fully loaded kitchen - full liquor license - elegant Mediterranean decor - brick walls - 6,000 sq ft - 40 ft bar with TV - 4,000 sq ft basement - china and silverware - linens - full catering facilities - everything is new (only 4 years old) - valet parking - outdoor street dining - seating for 100 in the main room - seating for 25 at the bar - seating for 30 in the back patio - valet parking. Seven years left on a 12 year lease. $3,000/month includes heat. Options to extend the lease an additional three years. Insurance $750/year. Gas and electric $2,400/month. Brings in approximately $42,000/month with approximately $15,000/month profit. No key money. Owner is leaving everything including liquor, linens, etc. Asking $240,000. Perfect for absentee owner. Owner is selling this thriving business due to other interests. Viewing by appointment only. Email or call at 718-755-6862 for more information on this restaurant for sale.
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