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Fine Dining Italian Restaurant
Long Island |
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Beautiful Italian Restaurant. White table cloths ? Old world charm throughout. Great atmosphere and great food that makes the customers want to come back time and time again. The restaurant is located in an upscale area on Long Island. The owner is ready to retire. He has been there for over 10 years. The owner owns the building and will give a long lease or will sell the building for the right price. The restaurant was rated in Zagat?s as ?Gourmet Dining?. A hands-on operator or chef could continue the great reputation and build on it. |
Listing Number: 247
Morris Cohen - Listing Broker
122 Ogden Avenue, Dobbs Ferry, NY 10522
Telephone - (914) 674-9580
E-mail -
mcohen@capitalbbw.com
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| Category |
RETAILING BUSINESSES |
| Sub-Category |
Restaurants |
| Asking Price |
$350,000 |
| Gross Sales |
$832,000 |
| Cash Flow |
$190,000 |
| FFE |
$30,000 |
| Inventory |
$5,000 (Inventory IS Included) |
| Real Estate |
$1,000,000 (Real Estate NOT Included) |
| Employees |
6 - Full-Time
4 - Part-Time |
| Facilities |
The restaurant is in a free standing 1,980 square foot building with a parking lot that fits over 16 cars. The restaurant seats 85 and 7 at the bar. The dining area of the restaurant is split into sections for intimate dining and or parties. The owner will provide a long lease or will sell the building with the business. |
| Relocatable? |
(Is Not Relocatable) |
| Home Based? |
(Is Not Home Based) |
| Market Notes |
Nothing comparable as far as location and quality. - As stated in Zagats Restaurant Review. |
| Growth Notes |
Owner is tired and wants to sell. A good hands-on operator with energy can increase business. |
| Support Training |
Owner will supply adequate training |
| Year Established |
1995 |
| Financing Terms |
Owner is willing to hold a small note for the right buyer. |
| Reason for Selling |
Retirement |
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