Business Overview:
This 58 seat 2,700 square feet restaurant has a 21’ “L” shaped bar that seats 20. The cuisine is American. Dress is casual and the ambiance is cozy & romantic. Serves lunch and dinner, does take out & catering.
The restaurants layout, size location and demographics suggest other styles would work too – e.g. a sport bar?
The restaurant is located off the Exit 7 extension in Brookfield, CT. The Owners bought a small pizzeria and expanded it into a 2,700 square feet sit down restaurant in 2005. This is the second location for the Owners who are breaking up their partnership. Name issues would need to be discussed because their other restaurant located in Ridgefield, CT has the same name.
The restaurant serves lunch 11:30 to 2:30 and dinner 5:00 to 9:30. The bar is open 11:30 to 11:00. Closed on Mondays. The business has 5 full-timers, 3 regular part-timers and wait-staff that in total works approximately 60 hours per week - as needed. Revenues are being estimated at approximately $15,000 per week for a new Owner. At this volume the “net” could be over approximately $125,000.
This 2,700 square feet restaurant is located in several storefronts in a strip center on a busy road in Brookfield, CT. It is near the on/off exit ramp of the Route 7 extension. Abundant parking (especially in the evening when the other stores are closed) is approximately 100 spaces. There are 5 years remaining in the current term with a 10 year option to renew. Rent is $4,860 per month including nets which would be 7.3% of estimated sales for a new Owner. When was the last time you saw a restaurant with this kind of volume potential under 10% to sales (occupancy ratio)?
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Reason for Selling:
Partnership breaking up
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.