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Connecticut Business For Sale |
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| 34 SEAT RESTAURANT |
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| Attn: C. J. (Charlie) Vlahos |
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| Danbury, CT, USA |
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| Asking Price: |
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$49,900 USD USA Dollars |
| Business for Sale Industry: |
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Food & Beverage: Restaurants, Fast Food, Deli |
| Reason for Selling: |
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Owner wants to do something different |
| Year Established: |
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1997 |
| # of Employees: |
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5 |
| Yearly Cash Flow: |
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$90,000 |
| Yearly Gross Income: |
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$315,000 |
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Business for Sale Overview:
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One of the best Indian Restaurants in the area. Could be any other theme. Established over 11 years – Current Owner over 6 years. Has 11 tables with 34 seats (Allowed 49 seats but using space for buffet area). This business serves both northern and southern Indian cuisine. Lunch is 35%, dinner 55% and catering 10% of total business. Dinner take out is +/- 60% and lunch take out +/- 15%.
Hours of operation: 11:30 to 2:30 and 5:00 to 10:00 Tuesday thru Sunday. Closed Monday. Business has 5 full time employees with a 34% labor/sales ratio. Sales per week of +/- $6,600 is being estimated which is down from last year. This 2007 vs. 2006 decrease appears typical for eating establishments in this area. Gross Profit is estimated over 70% with an Owner's Cash Flow after all expenses estimated around $90,000.
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Property Features and Assets:
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Restaurant has +/- 1,200 square feet. It is located in a small strip mall with several other businesses. There is parking for +/- 20 vehicles with additional parking in the rear. It is located on a busy road in Danbury, CT. Rent is $1,950 per month gross. Rent increases $50 in 2010 and FMV in 2012. There are over 9 years remaining in the lease and option.
The value of the equipment and leasehold improvements is over $20,000. Included in the equipment is a 14’ x 32” counter, walk – in – cooler, pos system, grill, 2-6 burner stoves, 2- handy stoves (stock pot burners) and a 32” x 32’’ tandoori. |
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Additional Details:
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- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner is not willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise opportunity.
- This is not a distressed business or bankruptcy situation.
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