Popular Fine Dining Italian Restaurant, Central Nassau County
Popular Fine Dining Italian Restaurant, Central Nassau County
Price: $325,000
Location: Nassau County, NY
Industry: Restaurants and Other Eating Places
Listing ID: Rapt5574
This is an excellent opportunity to acquire an exquisite, fine dining restaurant, at a below market price! The owner has health issues and can no longer devote adequate attention to this thriving business, with a loyal regular customer base. This is a rare restaurant that has lunch & dinner business daily throughout the year. While others have slow evenings, with few dinners, this restaurant rarely has a slow day!
Diners love to eat at this popular, well-known white-tablecloth mainstay for Northern Italian dishes & fine wines. A professional, well-trained wait staff cordially greets all diners, with many guests regulars who are greeted by name. Once seated the waiter will continue to converse with his guests, provide the regular menu and explain the days special dishes for the diner to consider.
The business has been owned and operated by the present ownership for over 35 years and the owner is selling due to poor health and to enjoy retirement.
Total Sales: $1,480,000
Cash Flow: $275,000
Reason For Sale:
Seller is experiencing health issues and is ready to retire.
Training & Support:
The seller will remain for a sufficient period to transition the business.
Year Established: 1984
Employees: 15
Type of Location: Leased
Square Footage: 3300 sq.ft.
Facilities Information:
The owner takes pride in his establishment and appreciates the importance of ambiance to his clientele, regularly cleaning (and/or installing) new carpeting, ceiling tiles, etc. The restaurant has legal seating of 100, with ample room for catering small parties. A large basement provides a food prep area, two (2) walk-in boxes, a professional office and liquor/wine storage area. The building has a parking lot for 20 cars, with additional street parking available.
Competition:
This establishment enjoys an excellent, loyal customer base and is truly only limited by its own seating capacity. Reservations account for many of the dinners served, particularly over the weekends.
Potential Growth:
The restaurant is located on a busily trafficked main street and has an excellent catering business. Catered events are primarily arranged from the existing clientele base and ownership feels that more catering opportunities are possible for increasing business.
Financing/Terms:
Seller will provide financing to experienced operator at his discretion.
For more information on this listing, please complete our Non-Disclosure Agreement
