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Classic Italian Restaurant In Great Neighborhood
Location: United States -> New York
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

Charming d--cor and excellent service from a friendly staff has made this local Italian restaurant one of Brooklyn's favorites for more than 20 years. Located on a scenic street, it is a mainstay for office workers, neighborhood residents and tourists. Whether for a business or friendly lunch, romantic or family dinner or a relaxing weekend brunch, their menu offers delicious dining for every taste. And for those who want to enjoy a great meal at home, work or their hotel, they offer takeout and convenient local delivery. They are known for their modern interpretation of Italian classic dishes using only high-quality, fresh ingredients, excellent service and friendly staff. The menu is extensive including home-made pastas, a wide selection of sauces, meat and seafood dishes, salads, paninis and weekend brunch specials. This restaurant features seating for up to 200 guests (indoor, bar and outdoor; caf-- licensed not needed for outdoor seating) plus a full bar with fine wines, craft beers and premium spirits. It is easily accessible by multiple subway lines.

Hours: Open Seven Days 9am-11pm. Brunch Saturday-Sunday 10am-3pm.

Lease: 13 years remain on the lease. Rent is $18,000/month. 1,800 square feet on the ground floor plus a 2,500sf basement.

The Transaction: The deal structure will be an asset sale. The reason for the sale is the sellers' desire to focus on other business interests. Owner will train for four weeks at no charge. Seller financing available to qualified buyers. Offered at $799,000.


Financials

Asking Price Range:  $500K - $1.0M
Gross Revenues:   $1,300,000
Cash Flow:   $25,000
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Yes

About The Business

Year Established:  1992
Number of Employees:  10 - 19
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased

About The Sale

Management Training and Support:  4 weeks
Reason For Selling:  other interests




Print Listing Id: 700354727
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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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