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Beautiful Restaurant Grossing 20,000 a week
for sale in NY

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Listing Number: 3091

Summary

The Restaurant has been around for over 30 yrs. The previous operator successfully ran the restaurant for 10 yrs and left to move into a larger location. In March 2013, the current owners acquired the lease & the location underwent a complete dining room, bar & bathrooms renovations from a dated Italian feel to a more upscale vibe. The restaurant was an immediate success. It became the “date night” spot & getting reservations on a Friday or Saturday night had to be made a month in advance. The Restaurant is open 6 days for Dinner only serving Tapas food

Listing Broker


Ron DeMara Jr.

Ron DeMara Jr.

Phone: 845-355-7045
Email: rdemara@capitalbbw.com


  • Category: Service Businesses
  • Sub-Category: Restaurants
  • Asking Price: $350,000
  • Gross Sales: $986,000
  • Cash Flow: $185,000
  • County: NULL
  • Area: Lower Westchester County
  • FFE: $150,000
  • Inventory: $5,000
  • Real Estate: $0
  • Employees: 4 - Full-Time 13 - Part-Time
  • Facilities: The restaurant is in a stand-alone location next to a highly frequented strip center (sports club is the major tenant). Unlike other restaurant's they have ample parking. The restaurant has 9 parking spaces, there are 30 parking spots on the street and the building provides the restaurant access to their 100 space lot after 5:30pm.
  • Relocatable? No
  • Home Based? No
  • Market Notes: The restaurant's reputation is strong in the community. As the only small plate restaurant in the area, the Restaurant draws clientele from Larchmont, Scarsdale, New Rochelle, Rye and the other surrounding towns. They also do in-house private parties such as bridal showers, engagement parties and birthday events.
  • Growth Notes: Currently there is new development behind the restaurant which has just been completed. Once fully occupied, this will draw more traffic to the restaurant. To help attract this business as well as others in the area, they will begin offering brunch on Saturdays, which will help grow the business. Starting in April 2017 they will have outdoor dining behind the restaurant adding a bar and 30 seats
  • Support Training: The seller is willing to train for a smooth transition time of training is negotiable.
  • Year Established: 2013
  • Financing Terms: The seller is willing to hold a note for a qualified buyer
  • Reason for Selling: moving on to another business distribution
  • Inventory Included: No
  • Is Franchise Yes
  • Lender Prequalified No
  • Absentee Owner No
  • Selling Financing? No
  • Is FEE Included? Yes