Italian American Bar & Grill (#22649)

Italian bar and Grill Seller Motivated...

Italian American Restaurant for Sale: A Historic Community Staple
Overview
Presenting a remarkable opportunity to own a historic Italian American Restaurant that has been a cornerstone of the community since 1930. Situated in a charming town within Suffolk County, NY, this business is renowned for its long-standing presence and beloved status among locals and visitors alike.

Property Features & Opportunities
This beautiful stand-alone building features self-contained parking and an impressive legal seating capacity of 242, with additional seasonal outdoor seating available. The property boasts a spacious 1,200 sq ft kitchen, a full basement, and a dedicated party room with a private bathroom. The bar area alone can accommodate 70 guests.

Notably, the establishment is only open 6 days a week, presenting a significant opportunity for growth by extending operations to 7 days. The second floor is zoned for both residential and catering use, adding versatility and potential for expansion.

Financial Highlights
With a gross income of $1.6 million and a cash flow of $250,000, the business demonstrates robust financial health. The asking price for this turnkey operation is $595,000, with a down payment requirement of $400,000. Possible owner financing is available, making this an attractive proposition for prospective buyers.

Investment Potential
This restaurant is a unique investment opportunity, perfect for individuals or entities looking to enter or expand within the restaurant industry. The combination of its historical significance, community ties, and untapped potential for growth makes it an exceptional proposition for the right investor.