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Italian Restaurant/Cafe

Price: $375,000

Location: Nassau County, New York

Industry: Food and Restaurants

Listing ID: 00124

Well-established Italian restaurant that has had the same owner 26 years. Menu prices are extremely reasonable and are below market average, offering a generous selection of food, wine and spirits. This business has an extremely visible main street location with a loyal client base, which brings in consistent sales revenue year after year. If buyer chooses to do cooking, add $85,000 per year to cash flow, discretionary earnings. Owner is the chef and takes salary of $85,000 per year.

Listing Details

Gross Revenue: $655,000

Cash Flow: $230,000

FFE: $30,000

Inventory: $3,000

Reason For Sale:

Retirement.

Training & Support:

Willing to train.

Operation

Year Established: 1986

Days & Hours of Operation: Tues-Fri 11:30 am-3:00 pm lunch. Tues-Thurs: 4:30 pm-9:00 pm dinner. Friday 4:30 pm-10:00 pm. Sat 4:

Non-Owner Payroll: $85,000

Employees: 5 FT, 3 PT

Location

Lease Option: 10 years

Monthly Rent: $ 4,500

Square Footage: 1500

Facilities Information:

Dining room seats 65-70 people, full liquor license service bar, full basement with wine cellar, ample parking lot, will give 10-year lease.

Summary

Potential Growth:

Great upside growth potential for new buyer by opening on Mondays, opening more hours, serving brunch and weekend lunch. Room to install pizza oven to expand menu. New buyer can easily increase sales by offering deliveries, very large corporate client base in nearby surrounding area.