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Beautiful Stand Alone Italian Restaurant In Suffolk County For Sale

Suffolk County, New York
Asking Price:
$499,000 (USD)
Sales Revenue:
$1,106,000 (USD)
Cash Flow:
$212,000 (USD)

Beautiful Stand Alone Italian Restaurant with its own 24 space parking lot. This 5500 sq. ft. South Shore business has been family owned and operated for the past 32 years. They offer seating for 160 with a bar, main dining room and two private rooms for parties, big and small. The business owner is the landlord and will offer a generous, triple - net, 10 year lease with a 5 year option and the first right of refusal on the property. In 2009 the business grossed approx. $1,200,000.00 with a Net Income of approx. $212,000.00 Sales are split almost 50/50 between eat-in and catering. We are looking for an energetic restaurateur to take this to the next level. Serious and experienced inquiries only. Please be prepared to provide Proof of Funds for at least $400K.

Property information

Real Estate:

Lease

Business Operation

Reasons for selling:

Retirement

Employees:
2/2
Years established:
1973

Other Information

Support & training:

seller will train

Financing available:

300,000.00 down & $199K over 5 years @ 7%

Contact Information

    1. Your Address

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