Italian Restaurant, Fine Dining, Established 37 Years, Seating for 190
Price: $699,000
Location: Suffolk County
Industry: Food and Restaurants
Listing ID: 00221
Well established with loyal customer base and excellent reputation throughout Long Island. Can accommodate seating for 100 on one level and 90 on another. Each level has 3,000 square feet plus a 1,000 square foot kitchen on the main level. Able to cater events. In addition to the fine dining menu there is an active bar. Has parking for 80 cars. Seller owns the property and is open to selling or leasing. Purchase Price listed in this Ad is only for the business.
Listing Details
Gross Revenue: $2,500,000
Cash Flow: $249,991
FFE: $150,000 (Included in Price)
Inventory: $25,000 (Included in Price)
Reason For Sale:
Retirement
Operation
Year Established: 1981
Year of Last Acquisition: 1981
Employees: 16
Location
Monthly Rent: 14000
Square Footage: 7000
Facilities Information:
Two 3,000 sf levels plus 1,000 sf full kitchen.
Summary
Potential Growth:
Add events like weddings, etc.