Restaurant for sale in Middle Village!

A unique opportunity to purchase an established, Zagat rated restaurant business in Middle Village! Italian Restaurant Uvarrara Restaurant is housed in a neo-gothic 1930’s building with decor and ambiance reminiscent of rustic and romantic Italy! The stunning interior has been painstakingly restored to the original architecture of the space; arches, inlaid mosaic in the ceiling, niches, ceiling trims, all tables are hand-made from reclaimed wood. No expense has been spared in the renovation! The main dining room seats 50 people and a custom hand-made bar can seat up to 10. Patrons love having their private parties, weddings, communions, etc in the restaurant’s warm, cozy and elegant – a touch of old world – interior. Uvarara is Michelin recommended and Zagat rated for 3 years: Food 26, Service 23, Decor 23, Price 37. The unique restaurant has to be seen in person to be truly appreciated! Included in the long term lease (7 yrs left) are 4 floors:
First floor: restaurant and basement
Second floor: 2 bedrooms apartment and attic
Please view the images and the business overview and call Bart for a private tour. You gonna love it!

Property Details

Asking $160,000 Average Sales $424,500 Established 7yrs ago
Long Term Lease Low Rent $3,700 Incl. Upstairs Apt Real Estate Taxes $2,000
Utilities $31,000 Insurance $4,800 Electricity $1,800
Food cost $48,000 Best Year-09 $509,000 Open Tuesday-Sunday. No lunch
by Bart Olszewski -- Middle Village commercial real estate / . Bookmark the permalink.