Italian Restaurant & Bar for Sale in New York

LISTING ID # 36663

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.