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Fantastic Italian Restaurant - Mostly Absentee
Westchester County |
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Beautiful 3,500 square foot Italian restaurant. The restaurant has just been totally renovated, floors, ceilings, countertops, tables, chairs, TVs, dishes and more. The owner even added walls that slide open for people to enjoy the fresh air. Plus, the owner just added about 24 seats outside that never existed before. They average $40,000 per week in gross sales. They do a great sit down business plus a nice take out business. They also have a liquor license and serve beer, wine and hard liquor. Business is steady year after year with tons of repeat business. They have a complete staff of cooks, kitchen staff, waiters and 4 managers. Owner is in the background. You can work the restaurant or come and go as you like. A great buy. It won?t last long!! |
Listing Number: 351
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 |
$895,000 |
| Gross Sales |
$2,000,000 |
| Cash Flow |
$325,000 |
| FFE |
$300,000 |
| Inventory |
$10,000 (Inventory IS Included) |
| Real Estate |
$0 (Real Estate NOT Included) |
| Employees |
0 - Full-Time
0 - Part-Time |
| Facilities |
Beautiful 3,500 square foot restaurant which seats 130 people inside and 24 outside. They have almost 14 years remaining on a new lease (9 years plus an option for 5 more). Located in a great shopping center with lots of parking in a high-income town. Restaurant is perfect. Kitchen is great. They also have a basement that runs the full span of the restaurant, which contains 2 offices, washer and dryer and tons of storage area. New owner has to do nothing except take over and start counting the receipts every night. The money just rolls on in. |
| Relocatable? |
(Is Not Relocatable) |
| Home Based? |
(Is Not Home Based) |
| Market Notes |
There is competition, but the restaurant is in a great shopping center with lots of traffic and parking. It has a great reputation. People just keep coming back. |
| Growth Notes |
With the renovation that just completed and the addition of the outside tables, the sales should increase on their own. Plus, making deliveries would help too. They currently only deliver to a few business accounts. |
| Support Training |
Owner will supply training. |
| Year Established |
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| Financing Terms |
Owner is will to hold a note. |
| Reason for Selling |
Retirement |
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