Italian Restaurant & Bar for Sale in New York
Suffolk County, NY

Financing: $300,000.00 Down and $150,000 with terms tbd

Reason for Selling:Retirement

This upscale 4,700-square-foot restaurant and bar, seating 170 guests, is located in a highly desirable, bustling area of an up-and-coming town with heavy foot traffic. Built 8 years ago at a cost of $2.2 million, the property is well-equipped with a large kitchen featuring walk-in refrigerators, a full-service sit-down bar, 3 dining rooms, a catering room, and 5 restrooms. Despite its prime location and excellent setup, the current owner operates with limited hours (6 days a week), does not offer Sunday brunch, and has scaled back catering services, leaving significant room for growth. A motivated buyer with strong marketing and operational skills could double the current revenue by expanding hours, introducing Sunday brunch, and offering entertainment such as a DJ or live music. A qualified buyer may able to take over the present SBA loan for $550,000. This rare opportunity is ideal for an experienced buyer looking to capitalize on the restaurant’s untapped potential. The listing may qualify for bank financing. For more information, contact Broker Jim Aloi at 631-375-4100.

In addition, please register with the listing number above by going to vestedbb.com, enter this number into the search bar, expand the listing, click on “view free financials”, fill out the short contact form and you are registered. This is our electronic non-disclosure agreement.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.