Unique authentic Italian Restaurant with established and loyal customer base in very busy thriving Long Island neighborhood. Restaurant is located in the heart of a busy town, near an abundance of businesses and residential neighborhoods. Current owner has perfected his business model over the past 18 years in business. This is a perfect opportunity for a new vibrant owner with some experience to simply plug-in to owners already well oiled machine and benefit from owner’s success developed over the years.
This restaurant is a go to destination for dinners seeking an authentic Italian dining experience where dinners can rub shoulders with the chef and enjoy tasty southern Italian dishes. Restaurant currently serves lunch, dinner, provides catered services and carries a wide variety of both fine and affordable wines.
Restaurant has a “high excellent” rating with Zagat and according to Zagat it is one of the best Italian restaurants in Long Island. Restaurant has also been featured in the press and has received numerous positive reviews from its’ loyal and expanding customer base. It is not unusual to see lines out the door of customers waiting to get a seat at this popular one of a kind Italian restaurant.
Well run business with expenses kept to a bare minimum. Food cost 25%, Payroll 25% & Rent 6%.
This is a must see business and an excellent opportunity to benefit from a very profitable restaurant with great name recognition.
Competition: Not your typical Italian Restaurant, this business is very unique and one of a kind. Not too many restaurants in the area that is as well run as this restaurant is. Owner has kept cost low. Restaurant also has a very extensive and consistent marketing plan and popular coupon program.
Growth/Expansion: Revenues can be increased by obtaining liquor license, expanding catering & building upon existing marketing efforts.
Financing: Owner will hold a note of $150K for qualified buyer.
Support/Training: Owner is willing to train and support new buyer transition into business for 1 month. Owner also willing to stay on and assist run business for 1 year as a paid consultant beyond initial training to help assure continuity
Reason Selling: Owner seeking another business opportunity out of the area.
Listing ID: 76418
To expedite our ability to share information with you regarding this business (location, financial info, etc.) please download, complete and submit NDA and Buyer Registration form and fax to 866-515-6773 .