Classic Italian Restaurant In Great Brooklyn Neighborhood | Transworld Business Advisors

Classic Italian Restaurant In Great Brooklyn Neighborhood

Listing Number: 6842-85701

Description

Charming décor 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; café 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.

Listing Details

  • Price: $799,000
  • Down Payment: $400,000
  • Sellers Discretionary Earnings: $250,000
  • Total Sales: $1,300,000
  • Location: New York

  • Inventory: $20,000
  • FF&E: $150,000
  • Employees: 18
  • Year Established: 1992
  • Reason for Selling: Focus on other business interests.
  • Category: Restaurants

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