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#Business ID: 19410

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Gorgeous Restaurant With Property in Westchester County, New York

Business Location: Westchester, New York, United States

Asking Price: $ 3,750,000 Revenue: $ 2,500,000 Cash Flow: not disclosed


[Real Estate Included]

Business Summary

Gorgeous 5,500+ square foot restaurant with building for sale. The restaurant is located on one of the most trafficked streets in Westchester County. This restaurant is in mint condition. Everything from the floors to the ceilings is perfect. It is currently operated as an upscale Italian family style restaurant. Table cloths, maitre de, and managers with the owner run the restaurant. Owner does not skimp on anything: food, equipment, furniture, fixtures, and employees are all top notch. Owner always has the best of everything and tons of employees and managers to ensure a smooth running experience for the patrons. The food is quite good and it is reasonably priced as compared to many other restaurants of its kind. Please do not respond to this listing unless you have at least 1,000,000 in liquid capital to invest in this business.

Market Notes:
The restaurant does have competition and is slightly affected by the downturn of the economy. It is still doing a great business. A fantastic location. A beautiful restaurant. Excellent food. You won’t find another one like this.

Morris Cohen - Listing Broker
122 Ogden Avenue, Dobbs Ferry, NY 10522

Telephone - (914) 674-9580
E-mail - [email protected]

Property Details

Property Type:

Real

FF&E:

$ 350,000

Inventory Value:

$ 15,000

Real Estate Value:

$ 3,000,000

Other Business Details

Premise Details:

Beautiful 5,500+ square foot restaurant which seats 175-225 people with parking to accommodate all. They also have a party room on the 2nd floor that seats up to 50 people. In addition, they also have a small outdoor eating area that seats around 16 – 20 and 10 or so seats at the indoor bar. The restaurant is perfect. Kitchen is great. New owner has to do nothing except take over and start counting the receipts every night.

Expansion Potential:

The huge opportunity is to own the real estate. The restaurant will earn you a good living while paying for the real estate. Why pay rent to someone else. While earning a nice living, you can be getting equity in real estate each and every day. The real estate is your pension plan.

Business Operation Details

Employees:

10 - Full-Time, 15 - Part-Time

Support & Training:

Owner will supply ample training.

Miscellaneous Details

Financing Available:

Yes
Owner will hold some paper. SBA financing might be available.

Reason For Selling:

Retirement.

Contact this seller

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