$349,900

Italian Restaurnat with excellent cash flow

New York/Patterson
Financials
  • Price: $349,900
  • Gross Income: $812,000
  • Cash Flow: $196,000
  • FFE: $55,000
  • Inventory: $5,000
  • Real Estate Value: $0
  • Source Data:
About the Business
  • Listing ID: #1616
  • Year Established: 2012
  • Financing: seller will provide
  • Training: seller will provide
  • Facilities: beautiful
  • Competition:none
  • Growth: social media, extend hours
  • Employees:

Property Descriptions

This upscale Italian food establishment is located on RTE 22 is very unique. With seating over 100, it is conveniently located on a major thoroughfare. This facility is a turnkey operation with lots of cash flow. The rent is below market. The owners have parties booked through the spring season. This is a must see restaurant. You will be impressed with the decor and setup. The parking area is huge, with prime exposure. There is nothing like it in the area. The current owner has decided to move closer to family. As a result the owner is very motivated, but will assure a buyer a smooth transition into the operation and will consider some level of financing for the right buyer candidate. For more information call Tom Fox, Advanced Business Brokerage, at 757-270-3291, or email at: tfox@advancedbusinessbrokerage.com

The information in this listing has been provided by the business seller or representative stated above. The Business Broker Journal has no stake in the sale of this business, has not verified the accuracy, completeness, and assumes no responsibility for this advertisement. Read our Terms and Conditions for more information.

Business Listed By

Frank Chebalo, CBI, ABI, CMSBB, CBC 4445 Corporation Lane, Virginia, Virginia Beach