Highly Profitable Landmark Modern 2-FL Italian Restaurant / Event Venue
Highly Profitable Landmark Modern 2-FL Italian Restaurant / Event Venue
Recently renovated and meticulously designed spending over $1M which includes all new equipment, fixtures, and furnishes. Unmatched tailored atmosphere attracts Fortune 500 Corporate Events on weekdays and beautiful weddings on the weekends. This is a special destination in high traffic location with unlimited parking. Long term under-market lease in place. Features a full basement for all storage needs. This is a turn-key opportunity with a new owner making large profits for years to come. Call Chris at 201-218-4155
Location
Country: | USA |
State or Province: | NY |
City: | Staten Island |
Location Zip or Postal Code: | 10301 |
Listing Information
Service Type: | Sit-Down Table Service |
Title of Listing: | Highly Profitable Landmark Modern 2-FL Italian Restaurant / Event Venue |
Number of Locations: | 1 |
Number of Seats: | Over 150 |
Size: | , Square Feet |
Patio: | Yes |
Number of Employees: | 11-50 |
Growth or Expansion Opportunities: | Massive potential in event / catering is ready for new owners to capture with the opportunity to acquire another floor for event functions. |
Owner Operated or Absentee Owner or Flexible: | Owner Operated |
Training Provided: | Yes |
Financial Details
Asking Price: | $998,000 |
Gross Revenue Range: | $1,000,000+ |
EBITDA Range: | Over $300,000 |
SDE Range: | Over $300,000 |
FF&E Value (Furniture Fixtures and Equipment): | 250,000 |
FF&E Value (Furniture Fixtures and Equipment) included in price: | Yes |
Inventory Estimated Value: | $50,000 |
Inventory Value included in price?: | Yes |
Real Estate Owned or Leased: | Leased |
Contact Listing Owner
Share:
