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Profitable Italian Restaurant In Nassau County For Sale

Nassau County, New York, US
Asking Price:
$1,100,000 (USD)
Sales Revenue:
$2,300,000 (USD)
Cash Flow:
$450,000 (USD)

Listing ID # 33498

Since 1938, this Italian Restaurant is serving the local community in a very reputable way. It is located in one of the richest areas on Long Island. Its gross sale is over 2.2 million a year; has it own bar. It has the seating arrangement of 100 guests at a time. All the employees have been working for many many years and are willing to work with a new owner. The restaurant is known for its scrumptious and mouthwatering dishes. All day to day business is fully computerized and is openly verifiable. Seller wants to sell with property for 2.9 million. The existing loan is transferrable. Seller's net cash flow, after all the expenses is over $450,000 a year. Property is being sold through PMTG Reality. It is once in a life time opportunity to buy this kind of highly profitable business.

For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-26938 for instant access to this business information.
If interested, please contact the seller through the form on this page.

For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-33498 for instant access to this business information.

Business Operation

Reasons for selling:

Personal

Employees:
12FT/13PT
Years established:
1939

Other Information

Support & training:

Seller will train

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

900,000.00 Down & 200K at 9% over 36 months

Furniture / Fixtures value:
$300,000 (USD)
Inventory / Stock value:
$100,000 (USD)

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