Fine Italian Dining, Seating for 190, Established 37 Years
Free Consultation 212-473-5000
Business Sales & Acquisitions

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.