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Gorgeous Restaurant with Property
Westchester County |
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Gorgeous 5,500+ square foot restaurant with building for sale. The restaurant is located on one of the most trafficked streets in Westchester County. This restaurant is in mint condition. Everything from the floors to the ceilings is perfect. It is currently operated as an upscale Italian family style restaurant. Table cloths, maitre de, and managers with the owner run the restaurant. Owner does not skimp on anything: food, equipment, furniture, fixtures, and employees are all top notch. Owner always has the best of everything and tons of employees and managers to ensure a smooth running experience for the patrons. The food is quite good and it is reasonably priced as compared to many other restaurants of its kind. Please do not respond to this listing unless you have at least 1,000,000 in liquid capital to invest in this business. |
Listing Number: 961
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 |
Other Eating & Drinking Places |
| Asking Price |
$3,750,000 |
| Gross Sales |
$2,500,000 |
| Cash Flow |
$0 |
| FFE |
$350,000 |
| Inventory |
$15,000 (Inventory NOT Included) |
| Real Estate |
$3,000,000 (Real Estate IS Included) |
| Employees |
10 - Full-Time
15 - Part-Time |
| Facilities |
Beautiful 5,500+ square foot restaurant which seats 175-225 people with parking to accommodate all. They also have a party room on the 2nd floor that seats up to 50 people. In addition, they also have a small outdoor eating area that seats around 16 – 20 and 10 or so seats at the indoor bar. The restaurant is perfect. Kitchen is great. New owner has to do nothing except take over and start counting the receipts every night. |
| Relocatable? |
(Is Not Relocatable) |
| Home Based? |
(Is Not Home Based) |
| Market Notes |
The restaurant does have competition and is slightly affected by the downturn of the economy. It is still doing a great business. A fantastic location. A beautiful restaurant. Excellent food. You won’t find another one like this. |
| Growth Notes |
The huge opportunity is to own the real estate. The restaurant will earn you a good living while paying for the real estate. Why pay rent to someone else. While earning a nice living, you can be getting equity in real estate each and every day. The real estate is your pension plan. |
| Support Training |
Owner will supply ample training. |
| Year Established |
0 |
| Financing Terms |
Owner will hold some paper. SBA financing might be available. |
| Reason for Selling |
Retirement |
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