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Asking Price$499,000
Revenue$1,106,000 Established1975
Cash Flow$212,000 Employees6 full, 6 part
FF&EUndisclosed FranchiseNo
InventoryUndisclosed RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
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. Call or email Mel Vaz today to learn more at 631-909-1095.
Seller Financing:$300,000.00 Down and $199K over 5 years @ 7%
Sale Reason:Retirement
Ad #31035
Seller Reference #21692
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Melvin L. Vaz
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