Profitable High End Italian Restaurant With Amazing Rent for Sale

Listing Number: 6842-390456

Description

Premier high-end Italian restaurant right off prime Manhattan corner location for sale. The business grosses $1.15 annually and the rent of $10,700 is a steal for this 2000 square foot location. Seven years worth of lease left on the lease provides a new owner a chance to grow the business at an amazing rent. The business is open 12 hours a day all seven days of the week and has a full liquor license for its customers. The books and records are in great shape as the business does 95% of it’s sales via credit cards. Payroll consists of seven employees. Located in an affluent neighborhood with tons of new residential and commercial buildings opening up nearby presents room for the profits to grow. A strong team in a kitchen and on the floor awaits the next owner. The business has over a 4 Google rating with over 200 reviews as loyal repeated guests all year make this a neighborhood staple. One of the best pizza and pasta places in the city includes wood fired pizza, fresh pasta, seafood, salads and other Italian specialties plus Naples wood stove worth $40k await the next owner. Owner is selling this business as he has another business opportunity waiting for him.

Listing Details

  • Price: $710,000
  • Down Payment: $710,000
  • Sellers Discretionary Earnings: $390,000
  • Total Sales: $1,150,000
  • Location: New York County, New York

  • Inventory: $5,000
  • FF&E: $250,000
  • Employees: 7
  • Reason for Selling: Other Business Interests
  • Category: Restaurants
Profitable High End Italian Restaurant With Amazing Rent for Sale

Contact Agent:

Eric Mendelsohn
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