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Business for Sale Overview:

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.

Property Features and Assets:

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.

Additional Details:

• 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 resale opportunity.
• This is not a distressed business or bankruptcy situation.