Italian Restaurant, Orange County.

Price: $360,000

Location: Orange County, NY

Industry: Food and Restaurants

Listing ID: 03142020

Franklin’s Restaurant is a quaint Italian restaurant business with 19 year of experience servicing the community. The Company is located in Orange County, New York in a 5,000 square foot restaurant, where it can seat up to 100 guests.  In addition, it also has a separate pizza area and cafe and a full working bar and has the ability to separate into three Banquet rooms.

Listing Details

Gross Revenue: $885,000

Cash Flow: $180,000

FFE: $50,000 (Included in Price)

Inventory: $10,000 (Included in Price)

Reason For Sale:

Retiring

Training & Support:

Will Train

Operation

Year Established: 2001

Days & Hours of Operation: 7 Days

Owner Hours Per Week: 40

Non-Owner Payroll: $6,500

Employees: 5 FT, 8PT

Location

Lease Option: 2 years remaining, with a 20 year option in increments of 5 years

Monthly Rent: 7100

Type of Location: Store front in a strip mall

Square Footage: 5000

Facilities Information:

5000 sft, seating up to 100 guests

Summary

Historical Summary:

The restaurant services the community 7 days a week.  The restaurant business consists of 40 percent dining in the restaurant, 30 percent Banquet’s and 30 percent pizza business.  The restaurant offers a wide area of appetizers, salads, soups, pastas, chicken seafood and meat dishes.  The restaurant host parties for local hospital and businesses, weddings, birthday parties, graduations and anniversary celebrations.

Potential Growth:

The business has major growth opportunities in providing offsite catering, which it currently does not promote, in addition to promoting the bar business.