Details

Great value and opportunity for a 57-year-old Italian Restaurant! Priced for a quick sale. Listed price is less than 1.4x SDE. A long-term lease that goes for another 15 years is in place at a current rent of $6000, with real estate taxes and common charges it's 7366 per month. The 2000 square foot restaurant fits 90 people. The restaurant serves wine and beer that account for 15% of the total sales. It’s food consists of gourmet pizza, pasta, wrap sandwiches, Italian, seafood, chicken, and baked dishes. The place has a clean and bright look as the owner spent $150,000 in renovations three years ago. Owner is motivated to sell as he has another business to go into. Financial information on the listing is for 2020 calendar year.

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Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.