MUST SELL Huge Price Reduction on Busy Turn-Key Restaurant/Pizzeria with Low Rent
Long Island, New York
Asking Price: |
Gross: |
Cash Flow: |
$350,000 |
$1,145,000 |
$200,000 |
Furniture and Fixtures Value:
$500,000 (included in the asking price)
Business Summary:
A busy, profitable Italian Restaurant/Pizzeria on the North Shore of Suffolk County is for sale. This restaurant has recently been renovated and everything is State of the Art. A new owner can start operating this profitable turn key business from day one. There is a GREAT Long Term Lease of 17 years with rent LESS than 4% of sales. Even with Real Estate Taxes, CAM, water and garbage the total expense is LESS than 5% of sales. This business is loved in the community and has a great reputation. They offer catering and have a private party room for up to 60 people. Located in a busy neighborhood shopping center, this Italian eatery is Priced to Sell Quickly. Their location has an excellent mix of both commercial and residential accounts. There is huge potential to increase the business especially with deliveries, private parties and catering. Please refer to listing number 11700 when inquiring about this opportunity.
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