Well situated Italian Restaurant for Sale with $1.9 Million in Annual Sales!

Long-time Italian restaurant for sale with vintage charm is generating annual sales of $1.9 million! Owner is making over $200,000 annually.  This 4.5-star location has every bell and whistle you need to run a fine dining location. 

Located in  Hauppauge, NY  and close to the Business Park , this Italian restaurant for sale is well located for both corporate and residential customers. With over 20,000  hungry  residents with a 2016 estimated average household income of over $108k in the local hamlet this restaurant is situated to serve both them and the 55,000 + who work in the industrial park. 

Offering comfortable seating for 120 , a catering room that can accommodate 100  and  a dance floor ,this Restaurant for Sale offers the flexibility to cater for all types and sizes of parties . 

Bookings are solid and it will be your vision that will keep people coming back to this prime location. 

Due to the location , access from the  Long Island Expressway  is fast and easy . This restaurant for sale is minutes from  the Northern State Parkway your guests will be able to make use of the included parking . For those wishing to enjoy the night and take the train , the local LIRR is a quick 9 minute taxi or Uber ride from the location . 

With current sales of $1.9 million p.a this 6,000 square foot restaurant has the location , size , flexibility and potential customer base to cover the $15,000 per month rent. 

The lease is 5 years with two 5-year options. If you wish there is an option to buy the building and this is something that can be discussed. 

Although the owner is ready to retire after 38 years he will be willing , if you wish , to assist you for two to four weeks as you make this space yours. 




 






 

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Listing

  • Listing#: 6746
  • Price: $599000
  • Location: Hauppauge
Lease Term: 5 year lease with two 5 year options
Monthly Rent: $15000,
Indoor Seating: 120
Inside Sq. Ft: 6000,
Hood System: Yes
Hours Open: Mon-Sun 11am-11pm
# of Part-Time Employees: 2
# of Full-Time Employees: 16
Net Sales: $1906074.00
Owner Benefit: $199711

Features

  • Six figure income
  • Location run for over 38 years, owner ready to retire
  • In the heart of industrial and residential community
  • Private Parking Lot
  • Option to buy building
  • Endless 5 star customer reviews
  • Italian Restaurant for Sale