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

Description

A staple of the Long Island City dining scene for over 10 years, this Neapolitan pizza-centric Italian restaurant and full bar has built a loyal following in one of Queens’ fastest-growing neighborhoods. The concept blends artisanal Italian cuisine with a lively bar and cocktail program, all set beneath soaring 32-foot ceilings with a 16-seat bar, a spacious backyard with seating, and a private dining room that can accommodate everything from intimate dinners to full buyouts of up to 150 guests. The restaurant operates across multiple revenue streams, including dine-in lunch, brunch, and dinner service, a full bar, private and corporate events, takeout, delivery, and catering, all benefiting from a residential population that has grown significantly and continues to expand with thousands of new units delivered and more underway. Financial Overview 2024 Gross Revenue: $1,751,865. 2024 SDE: $259,297, 14.8% margin. 2025 Gross Revenue: $1,598,898. 2025 SDE: $263,859, 16.5% margin. Business Highlights Neapolitan pizza, full Italian menu, brunch, lunch and dinner service. 16-seat full bar with spirits, wine and cocktail program. Private events, corporate dinners and full buyouts, 10 to 150 guests. Takeout and delivery available 7 days a week via online ordering. Hours Sunday, Tuesday to Thursday 12pm to 10pm. Friday to Saturday 12pm to 11pm. Monday closed. Reservations via Resy. Lease and Location 2,000 sq ft main floor, 1,000 sq ft backyard, 1,000 sq ft basement, approximately 4,000 sq ft total. 16-seat full bar, private dining room, spacious backyard with seating. Landlord has agreed to issue a new lease to a qualified tenant. New lease rent: $15,000 per month, all-in. 4 years remaining on current option, good guy clause in place. Two blocks from dense residential, office and commercial area. Staff Tenured team, most employees have been with the business long-term and are expected to stay. A signed confidentiality agreement is required for the exact location.