Famous Authentic Italian Restaurant for sale in Staten Island

Listing Number: 83341-663428

Description

Open and operating since 1994, you can own this profitable restaurant generating a high SEVEN FIGURES revenue and SIX FIGURES income for $1,250,000.00 (Business has great Books and Records).
Owner started the restaurant 25 years ago and has grown it into a successful and well-known restaurant in Staten Island. After decades in the industry, owner is retiring and has decided to sell business, priced to sell quickly.
This restaurant is located in Staten Island New York, occupying the corner of a commercial BLVD intersected by residential streets.
2,500 Square/feet, monthly rent is only $8,344.47 with right of first refusal to purchase the property at the end of the lease term.
This restaurant sets the standard for quality authentic Italian cuisine throughout the Staten Island community. Restaurant provides lunch and dinner service (has full liquor license), private parties and holiday catering, and cooking class. The restaurant has been voted best restaurant in Staten Island. It has also received numerous awards for its food and service. Restaurant is regularly at full capacity, especially on weekends and holidays. Therefore, there are rooms to grow by expanding.
Owner is retiring and offering this profitable restaurant at a very reasonable price, this great opportunity will not last.

Listing Details

  • Price: $1,250,000
  • Down Payment: $1,250,000
  • Sellers Discretionary Earnings: $361,481
  • Total Sales: $1,969,110
  • Location: Richmond County, New York

  • Inventory: $60,000
  • FF&E: $220,955
  • Employees:
  • Reason for Selling: Retirement
  • Category: Restaurants
Famous Authentic Italian Restaurant for sale in Staten Island

Business Listed By:

Thandron Dadaille