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Italian Market And Cafe In Suffolk County For Sale

  • March 18, 2021 9:23 am
  • New York
13dce894-0016-470a-bc9f-f71d34a03d3e
$1,200,000

Overview

  • Revenue : $1,335,000
  • Cash Flow : $399,329

Description

Gorgeous New York Style Italian Market and Cafe. Remember that old-world Italian market that you used to visit as a kid in Manhattan or the Boroughs? Guess what? It is here on Long Island. It is located in a hot area of Suffolk County near many apartments, residential homes, hospitals, and businesses. The owner of this business has carefully re-created that market with everything you can imagine, from hot foods, meats, cheeses, and even specially imported items from Italy. He has done so in a gorgeous 3,600 sq. ft. Manhattan Style facility. They also have an additional 1,200 sq. ft. of partially finished space upstairs for storage, office, etc. It is a full-service Italian market and butcher shop. Sales have been growing year after year for the past 12 years. Now it is time for the owner to retire. In the past year, gross sales were approx. $1,350,000.00 with a net cash flow of approx. $399,000. Space has a 9-year lease at a rent of $5,919 (incl. tax and CAM). It can be extended for a qualified tenant. We are seeking a serious and financially qualified buyer with at least $800K in liquid funds.

Property Information

Real Estate: Lease

Investment Details:

Purchase shares in this supermarket for as low as $500.

Location

Suffolk County, New York, US,New York