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Asking Price$299,000
Revenue$780,000 EstablishedUndisclosed
Cash Flow$143,000 Employees3 full, 10 part
FF&E$150,000 FranchiseNo
Inventory$5,000* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Since this DIne-In & Take-Out Italian Eatery Franchise with Part-Time Owner was initially listed with us, its sales have gone up by 15% and profits by 20%. Open for lunch and dinner, Long Islanders have come to discover and love its paninis, salads, homemade soups, bruschette and the chefs specialities, featuring antipasti, pastas, and main courses. It proudly offers a wide range of gluten-free items. Beer & Wine are served there, too. The part-time owner puts in about 15 hours/week and has a solid staff to oversee operations when he's not there. More profits will go into your pocket should you decide to me more hands-on, thus eliminating some payroll. The owner invested $225K to build out this location 5 years ago. There are 15 years left on the below market rate lease. The rent for 1,500 square feet is only $2,200, including real estate tax, and escalates at just 2% annually. The Nassau County town within which this Italian Eatery is located has a population that has been growing in leaps & bounds. Open Sunday-Thursday 11am-9pm and Friday- Saturday 11am-10pm. Do be very discreet when visiting, as the employees and customers do not know it is for sale. Kindly then contact listing broker Jay Goldman should you have any questions and would like to make an appointment to meet with the owner. Please call 1-877-735-5224 for further information.
Training/Support:The seller will train the new owner.
Seller Financing:239,000.00 Down & $60,000 over 4 years at 6%
Sale Reason:Other projects.
Ad #81234
Seller Reference #28307
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Melvin L. Vaz
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