Description of the business for sale
Description: A Southern Italian, family owned restaurant in the heart of one of New York's most sought after towns. Great location on main road with fantastic visibility. High volume operation with sales of $1M+ every year. A banquet facility that has a great reputation throughout the Westchester county area. Plenty of parking, great lease, very profitable - what more could you want? Oh... and did you notice it is priced at less than 2X cash flow! This is definitely one you should be looking at.
***** - ***** - This restaurant owns the catering market in this area. The banquet facility is the "go to" place for not only residence and businesses in this town but many of the surrounding towns. Also the restaurant enjoys a reputation as the areas best Italian food.***** - The bar aspect of this business has not been emphasized at all and thus presents a great opportunity to a new owner. In addition a new owner would be wise to concentrate their efforts on increasing the already very successful banquet business.
***** - Owner is offering up to $175,000 of short term financing to well qualified buyer.
Support / Training provided by seller
Seller willing to provide any necessary training to buyer.
***** - The restaurant has several owner - some of whom are looking to do other business ventures.
Description of the facilities
Large operation - 8,000 sq. ft with over 100 seats for dining and a bar with 16 seats. In addition, there is a full banquet space with capacity for 150+ sit down service. Restaurant enjoys fantastic visibility with its positioning on very busy main street through this upscale, high income town. Just a few blocks from very busy NYC commuter train.***** - A long lease is in place with a rate of less than 10% of gross sales (even in this economy)! $8k per month for over 8,000 sq. ft. - 13 years remain.