Italian Restaurant & Bar $1.6M Revenue $263K SDE For Sale

Description

Italian restaurant and bar in Long Island City with more than 10 years in business.

The menu is centered on Neapolitan pizza and Italian food. The restaurant also serves brunch, lunch and dinner.

There is a full bar with 16 seats, a private dining room and outdoor seating in the backyard.

Financials

• 2024 revenue: $1,751,865
• 2024 SDE: $259,297
• 2024 SDE margin: 14.8%
• 2025 revenue: $1,598,898
• 2025 SDE: $263,859
• 2025 SDE margin: 16.5%

Restaurant

• Neapolitan pizza
• Italian menu
• Brunch
• Lunch
• Dinner
• Full bar
• Wine and cocktails
• Takeout
• Delivery
• Catering

Private dinners and events are also held at the restaurant. Groups can range from around 10 people to full buyouts of up to 150 guests.

Space

• Main floor: approximately 2,000 sq ft
• Backyard: approximately 1,000 sq ft
• Basement: approximately 1,000 sq ft
• Total: approximately 4,000 sq ft
• 32-foot ceilings stated
• 16-seat bar
• Private dining room
• Outdoor seating

Hours

• Sunday: 12 pm–10 pm
• Monday: closed
• Tuesday–Thursday: 12 pm–10 pm
• Friday–Saturday: 12 pm–11 pm

Reservations are currently handled through Resy.

Lease

• New lease rent: $15,000 per month, all-in
• Landlord stated as willing to issue a new lease to a qualified tenant
• 4 years remaining on the current option stated
• Good guy clause in place

Staff

Most of the current employees have worked at the restaurant for a number of years and are expected to remain after a sale.

Location

The restaurant is in Long Island City, close to residential, office and commercial buildings.

Confidentiality

• NDA: required
• Exact location: disclosed after signed confidentiality agreement

Other Details

• Asking price: not provided
• Employee count: not provided