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Asking Price$325,000
Revenue$800,000 Established2004
Cash Flow$100,000 Employees6 full, 2 part
FF&E$100,000 FranchiseNo
InventoryUndisclosed RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
LISTING ID # 34870

Beautiful old school Italian restaurant located in the heart of Little Italy Manhattan. Been in business for 18 years, this restaurant is a very well known eatery in the neighborhood. With just over 1700 square feet, it seats 64 inside and an additional 12 seats outside. During the summer months, the street is closed to vehicles and they are allowed to add an additional 24 seats. There is a large kitchen with a 14 foot hood, a 12 burner stove as well as a brick oven and a huge prep area. There is an additional 800 sq ft basement. Owner also owns the entire building with 12 apartments so he would stay on as the landlord. He will offer a 10 year lease with rent starting at $12,500. Before covid, they were consistently grossing 1.3 million. Although the gross has dropped to 800k, they are still netting a respectable 100k and the neighborhood is bouncing back. The owner wants to retire from the business but is willing to stay on as a partner. Come check out this slice of the pie! Call Ross at 917-881-7441 to schedule an appointment.

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Training/Support:Seller will train
Seller Financing:50,000.00 Down & $275k at 5% for 36 months
Sale Reason:Retiring
Ad #138589
Seller Reference #34870
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