Well Appointed Restauran & Upsacle Neighborhood-Near Newtown CT- $159K

Asking Price$159,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$400,000

InventoryNot Disclosed

FF&ENot Disclosed

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Well Appointed Restauran & Upsacle Neighborhood-Near Newtown CT- $159K


Asking Price$159,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$400,000

InventoryNot Disclosed

FF&ENot Disclosed

Business Description
Beautifully appointed restaurant Near Newtown. This restaurant is tastefully decorated and in a great spot at the gateway of a large community.

Currently only serving breakfast and lunch doing about $400,000 a year. Previously they also did dinner and sales were approx. $1,200,000. Staffing shortages caused issues with keeping dinner hours open.

Approx. 2700 sq ft with 1000 sq ft patio. Inside seats 59 and patio can seat up to 60. The space also includes a full basement of 2700 sq. ft. Rent is $4300 with CAM (snow removal, landscaping & garbage, etc.) included.

10 Years left on lease.

Fully equipped and with new equipment (hood, fryers, oven, stove, Walk-In Cooler, freezer, etc.)

2 FT & 1 PT staff handle kitchen and some P/T students to work register. All willing to stay on.

Everything is only 3-4 years old & brand new.

Bring back dinner and this restaurant will be very profitable.

Profitability on store will vary based on owner being involved or absentee as well as adding back dinner. The Previous owner made approx. $50,000 net profit absentee and had his Chef runs establishment.

Nothing to do but walk in and start running business.

Current owner bought store 4 months ago and made improvements but his consulting business is now taking him away out of state more than he expected. They paid well over $190,000 so they are taking a loss.

This is a beautiful buildout that cost much much more that $159,000 to build. Great location & upscale neighborhood with past performance & track record of high sales.

$159,000 List Price
Cash offers only - he cannot do seller financing.


About the Business
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
2,700
Rent
$4,300 per month
Listing Info
ID
2536405
Listing Views

Listing ID: 2536405 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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