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Upscale Italian Restaurant & Property for sale in Nassau County, NY

Nassau County, New York (NY)

Asking Price: Gross: Cash Flow:
$ 1,150,000 $ 855,000 $ 170,000

Furniture and Fixtures Value:
$ 350,000 (included in the asking price)

Real Estate:
$ 850,000 (included in the asking price)

Business Summary:
This busy restaurant/pizzeria is located in the heart of Nassau County, close to where all the action is and the property can be PURCHASED. Why rent when you can be the landlord? Why not own the restaurant/pizzeria and pay Rent to YOURSELF as well as collect rent from other tenants? The business has a great location surrounded by commercial businesses, schools, office buildings, hospitals, medical buildings plus a very vibrant residential community. It has a great balance in sales from commercial and residential customers. There is also plenty of potential to improve on an already successful model. The business currently has short hours and is being run 100% ABSENTEE. The restaurant has seating for about 100 people, plus a beautiful bar area. Currently the revenue is over $850,000. Both the restaurant and property are available: the restaurant is priced at $299,000, and the property can be included for a total of purchase price $1,150,000. The property includes 3 apartments over the Restaurant. This is a great opportunity for a motivated owner/operator to take over a beautiful restaurant in an ideal location AND also purchase the property. Please refer to listing #11972 when inquiring about this opportunity.

 

   
Seller Reference Number: 11972
BusinessMart.com Listing Number: 162772
 

 

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For more info contact:

Ken Stein

Kensington Company & Affiliates
516-626-2211

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