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Asking Price$1,200,000
Revenue$1,335,000 EstablishedUndisclosed
Cash Flow$399,329 Employees4 full, 6 part
FF&E$300,000 FranchiseNo
Inventory$25,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Gorgeous New York Style Italian market and Cafe. Remember that old-world Italian market that you used to visit as a kid in Manhattan or the Boroughs? Guess what? It is here on Long Island. Located in a hot area of Suffolk County, near many apartments, residential homes, hospitals and businesses. The owner of this business has carefully re-created that market with everything you can imagine; from hot foods, meats, cheeses and even specially-imported items from Italy. He has done so in a gorgeous 3,600 sq. ft. Manhattan-style facility. They also have an additional 1,200 sq. ft. of partially-finished space upstairs for storage, office, etc. This is a full-service Italian market and butcher shop. Sales have been growing, year after year, for the past 12 years. Now, it is time for the owner to retire. In the past year, gross sales were approx. $1,350,000.00, with a net cash flow of approx. $399,000. The space has a nine-year lease at a rent of $5,919 (including tax and CAM). It can be extended for a qualified tenant. We are seeking a serious and financially-qualified buyer with at least $700K in liquid funds. To learn more, please call Mel Vaz today at 1-877-735-5224. ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT MENTION THE SALE WHEN VISITING THE LOCATION.
Training/Support:The seller will train the new owner.
Seller Financing:$700,000.00 Down & $500K over 4 years @ 6%.
Sale Reason:Retirement
Ad #97017
Seller Reference #30163
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Melvin L. Vaz
1-877-735-5224
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