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Famous Profitable Italian Restaurant Far Sale
Location New York,United States
Asking Price Range $500K - $1.0M
Gross Revenues $900000
Net Profit / Cash Flow $300000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1994
Number of Employees 6 - 9
Inventory $45000
Relocatable Not Disclosed
Number of Employees 6 - 9
Real Estate Leased
Training Owner is willing to train and support new buyer transition into business for 1 month. Owner also willing to stay on and assist run business for 1 year as a paid consultant beyond initial training to help assure continuity
Reason for Sale Owner seeking another business opportunity out of the area
Description Unique authentic Italian Restaurant with established and loyal customer base in very busy thriving Long Island neighborhood. Restaurant is located in the heart of a busy town, near an abundance of businesses and residential neighborhoods. Current owner has perfected his business model over the past 18 years in business. This is a perfect opportunity for a new vibrant owner with some experience to simply plug-in to owners already well oiled machine and benefit from owner's success developed over the years.
This restaurant is a go to destination for dinners seeking an authentic Italian dining experience where dinners can rub shoulders with the chef and enjoy tasty southern Italian dishes. Restaurant currently serves lunch, dinner, provides catered services and carries a wide variety of both fine and affordable wines.
Restaurant has a "high excellent" rating with Zagat and according to Zagat it is one of the best Italian restaurants in Long Island. Restaurant has also been featured in the press and has received numerous positive reviews from its' loyal and expanding customer base. It is not unusual to see lines out the door of customers waiting to get a seat at this popular one of a kind Italian restaurant.
Well run business with expenses kept to a bare minimum. Food cost 25%, Payroll 25% & Rent 6%.
This is a must see business and an excellent opportunity to benefit from a very profitable restaurant with great name recognition.
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