Package Of 5 Established Restaurants

New York
listing image
Asking Price:$4,999,999
Gross Revenue:$7,200,000
Cash Flow:$2,500,000
BUSINESS DESCRIPTION

HS Listing ID-38981

-Potentially Bankable as all locations have fully documented sales with clean returns.

-Authentic Italian Cuisine with a large focus on Wine, house made pastas and local ingredients.

-All locations are thriving, serving dinner only [5-10/11pm] there is no lunch servicer and their consolidated operating hours dramatically increase margin and avoid overtime or complicated labor regulation issues.

-Unique nature of the food and wine program allows these businesses to derive margins that are nearly double the industry average.

-Owners have an e-2 visa relationship given the nature of the business, there is room to utilize 7-10 more visas if a buyer wants to bring family in from out of country.

-Wine Program currently houses nearly 1.2mm in rare bottles, some of which there are only 3-4 in the country. This is an appreciating inventory that grows in value 12-15% per year.

-Long Term Management is in place, and wants to stay on.

-Owners will happily stay on for up to a year and assist in transition and continuing to harness growth, staff and ownership are extremely passionate and have grown each location from zero.

-2 locations have outdoor seating and 1 location with a backyard garden.

-1 location includes a private wine cellar and a first floor party room, where events are held from $150-$700 per guest.

-The Wine collection alone cannot be replicated as some bottles date back to 1955-1972.

-Nearly no marketing or online presence, the locations have been grown strictly off of word of mouth, their reputation is flawless.


DETAILED INFORMATION
Location
New York
Inventory
Included in asking price
Real Estate
Leased
Support & Training
Yes.
Reason for Selling
Other business interests.
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Nicholas Dinardo
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Nicholas Dinardo