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Busy Italian Restaurant For Sale
Location: United States -> New York -> New York City Area -> Forest Hills
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

Italian Restaurant is located in the '' new'' restaurant row of Forest Hills .Busy street near Subway, supermarket, church and major condominium . Easy street parking . 1700 square feet, basement(share entrance) Rent $9K. Established for 10 years, recently relocated . Owner have other business interest and his handing off this EXCELLENT opportunity. 10 years left on the lease. New Full liquors license.
Average $23K weekly even with the proper awning NOT installed. Well trained employee business could run by itself. Low payroll and food cost. 15 minutes away from Restaurant Depot. Contact by Cell phone or e-mail only, any attempt to contact the restaurant directly will not be considered. Show contact info , show contact info NO BROKER. Confidentiality Agreement will be required to sign in order to see the location.

We will show the location either morning(8;30 AM to 9:30AM) or late night (10:30PM to 11:30 PM) upon receive an appointment.

Selling Price $350K
Revenue :$1,100K
Earnings : $250K
Furniture-Fixtures-Equipment: $25K
Number of Employee : 10


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $1,100,000
Cash Flow:   $250,000
Cash Flow Type:  EBITDA
Seller Financing:  No

About The Business

Year Established:  2014
Number of Employees:  6 - 9
Relocatable:  Not Disclosed
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  Yes
Reason For Selling:  Moving to other country




Print Listing Id: 700315862
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > New York Businesses For Sale > New York Franchises For Sale > New York Business Brokers



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