MergerPlace

Upscale Italian/American Bistro

New York


  • Asking Price: $190,000
  • Gross Income: $702,731
  • Cash Flow: Not Disclosed
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $225,000
  • Listing ID: #206477
  • Established: 2005
  • Employees: 10 FT

Business Description

Well-known Italian/American Bistro opened in 2005. The family restaurant serves lunch, dinner, dessert and beer & wine; has a long-term employee base; a very large and loyal customer following and features fresh and flavorful upscale Italian food. There is seating for 100 people and sales have recently exceeded $700,000 on a 4 ½ day work week, allowing for substantial growth by extending the hours of operation and adding a full liquor license. All equipment is in very good condition and very well maintained.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: New York

Company Information

Year Established: 2005
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 10 FT

Financial Information

Asking Price: $190,000
Gross Revenue: $702,731
FF&E: $225,000
Seller Financing Available: Yes

Property Information

Facilities:

30,000 sq. ft. building. Lease is negotiable. Free on-street parking.

Growth & expansion opportunities:

Room for growth by expanding days and hours of operation, aggressive marketing and obtaining a full liquor license.

Competition:

The restaurant, located in an economically expanding region, enjoys a 4.5 rating on Trip Advisor with close to 200 reviews and a strong customer base with consistent revenues.

Reason for selling:

Other business interests

Support & Training:

Other business interests

Contact Business Seller

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Business Listed By:

Blair Sibley

Klassen Ingalls