LEGENDARY GOLD COAST ITALIAN RESTAURANT  

42 Years of Loyal Following | $1.6M Revenue | $200K SDE | Asking $499K  

A profitable, deeply established full-service Italian restaurant in one of Long Island's most affluent North Shore communities. Turnkey, fully staffed, and offered at under 2.5x earnings.  

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THE OPPORTUNITY AT A GLANCE  

• Asking Price: $499,000  
• Annual Revenue: $1,600,000  
• Owner's Cash Flow (SDE): $200,000  
• Multiple: ~2.5x earnings — well below market for an asset of this caliber  
• Location: Affluent North Shore Long Island village (Gold Coast / Nassau County)  
• Years in Operation: 42+  
• Reason for Sale: Owner retirement after a multi-decade run  

This is not a startup, a turnaround, or a concept. It is a profitable, mature, beloved neighborhood institution available because the founding family is ready to retire.  

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BUSINESS OVERVIEW  

This family-operated Italian restaurant has served its Gold Coast community for more than four decades. It is one of those rare hospitality assets where the brand, the recipes, the staff, and the customer base have all matured together — and where new ownership inherits genuine goodwill, not just four walls and a lease.  

The restaurant operates a classic full-service model with both indoor and outdoor seating, lunch and dinner service, an active catering operation, and a signature Sauces-To-Go retail program that drives meaningful add-on revenue.  

Service Format  

• Lunch: Monday through Friday  
• Dinner:Monday through Sunday  
• On-premise dining (indoor + outdoor), takeout, and full-service catering  

Menu & Kitchen  

A traditional, broadly-appealing Italian menu — antipasti, classic pasta preparations, veal, chicken, seafood, signature sauces, and full dessert program. Recipes and sauce formulations convey with the sale.  

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MARKET & LOCATION STRENGTH  

The restaurant is located in a highly desirable, affluent North Shore Long Island village with a stable year-round residential base, strong household incomes, and limited direct competition for full-service, white-tablecloth Italian dining.  

Trade Area Characteristics  

• Established Gold Coast community with multi-generational residents  
• Premium household incomes well above county and state averages  
• Strong residential density combined with destination dining draw from surrounding villages  
• Limited direct competition in the full-service traditional Italian category  
• Walkable village setting with consistent foot traffic and parking access  

In an industry where most independent restaurants close within five years, this operation has thrived for over four decades in the same location — a strong indicator of real local demand and operational durability.  

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COMPETITIVE ADVANTAGES  

• 42+ years of brand equity and customer loyalty in a high-income trade area  
• Multi-generational customer base — grandparents, parents, and children all dining  
• Trained, tenured kitchen and front-of-house staff, most of whom are expected to remain  
• Three meaningful revenue streams: dine-in, catering, and retail sauces  
• Proprietary sauces and recipes included in the sale  
• Indoor and outdoor seating creating year-round and seasonal capacity  
• Strong online reputation and organic word-of-mouth in the local market  
• Operating at $1.6M in revenue with healthy, repeatable ~13% SDE margins  

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GROWTH OPPORTUNITIES  

The current owners run the business at a pace appropriate for a long-tenured family operation. A motivated buyer has multiple clear levers to grow:  

• Expand the Sauces-To-Go retail program through local grocery and specialty placement  
• Build a private events and on-premise party program targeting the affluent local market  
• Modernize and scale the catering arm with a dedicated catering manager  
• Launch online ordering, delivery partnerships, and a structured loyalty program  
• Develop a reservations-driven prix fixe and wine dinner calendar  
• Increase digital marketing presence — the restaurant currently runs on reputation alone  

Each of these is incremental upside on a business that is already profitable. None requires reinvention.  

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IDEAL BUYER PROFILE  

• Owner-operator chef or restaurateur seeking an established, profitable platform  
• Hospitality entrepreneur expanding into Long Island's North Shore  
• Family operator looking for a multi-generational legacy business  
• Investor-operator pairing with a strong GM to run day-to-day  
• First-time buyer seeking a stable,, cash-flowing restaurant  

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TRANSACTION SUMMARY  

• Asking Price: $499,000  
• Estimated SDE: $200,000  
• Annual Revenue: $1,600,000  
• Lease: In place; details available under NDA  
• FF&E, recipes, sauces, branding, and goodwill included in the sale  
• Training and transition period available from the current owners  

INQUIRE FOR FINANIALS & PRIVATE TOUR