Italian Pizzeria Ristorante (#22660)

Lake Grove, NY

Seller Financing Available

Pizza
Asking Price:$495,000
Gross Revenue:$1,000,000
Established Year:1978
Cash Flow:$200,000
Rent:$5,500/Month
BUSINESS DESCRIPTION

Thriving Italian Restaurant for Sale in Western Suffolk County

Thriving Italian Restaurant for Sale in Western Suffolk County
A Legacy of Authentic Italian Cuisine: Family-Owned and Operated for 46 Years
This esteemed Italian restaurant has been a fixture in the community for nearly half a century. Family-owned and operated, it has garnered a loyal customer base and a stellar reputation for its authentic Italian dishes. The dining area underwent a complete renovation two years ago, enhancing the dining experience for all guests. This is a rare opportunity to take over a respected institution with deep roots in the local area.

Prime Location with Reasonable Rent
Located in a vibrant area of Western Suffolk County, this restaurant benefits from high foot traffic and excellent visibility. The rent is exceptionally reasonable at $5,400 per month, all-inclusive. The lease terms are favorable, with 10 years remaining and a 5-year option, ensuring long-term stability with rent increases only every five years, not annually. This makes it a financially sound investment for both new entrepreneurs and seasoned restaurateurs looking to expand.

High Revenue with Growth Potential
Currently grossing $20,000 per week, this Italian restaurant nets an impressive $200,000 annually. Despite its success, there is significant room for growth. The business is currently open six days a week from Tuesday to Sunday, 11 AM to 8 PM. Extending the hours and opening seven days a week could substantially increase revenue. This is an ideal spot for an owner-operator to step in and maximize its potential.

Full Liquor License and Modern Amenities
The restaurant holds a coveted liquor license, adding a lucrative revenue stream to its diverse offerings. The modern dining area, which seats 50 guests within 1,800 square feet, provides a comfortable and inviting atmosphere. Additionally, the business has been updated to include a new homemade dessert showcase, featuring daily fresh Italian desserts that attract both new and returning customers.

A Turnkey Operation Ready for Success
This Italian restaurant is truly a turnkey operation, perfect for someone entering the restaurant business or expanding an existing portfolio. The current owner is retiring, creating a unique opportunity to acquire a well-established, profitable business. With its strong community presence, high takeout volume, and substantial room for growth, this restaurant offers a seamless transition and a promising future for the next owner.

Don't miss this chance to own a piece of local history and continue a legacy of authentic Italian cuisine and exceptional service. Contact us today to learn more about this exceptional opportunity.


DETAILED INFORMATION
Location
Lake Grove, NY
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
1,800
Lease Expiration
31/05/2039
Employees
8
Financing
145000
Support & Training
Yes
Reason for Selling
Retiring
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Ziggy
Marszalek
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Ziggy Marszalek