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Business for Sale Overview:

This business is On Deposit. Someone is in the process of Buying it. You can put a Back-Up Offer on it which would mean should this Buyer not be able to complete the transaction you would be the next in line to buy it. This is a 51 seat neighborhood Pizza & Italian Dinner Restaurant on the west side of Danbury, CT. It also services nearby residents of New Fairfield, CT & Putnam Lake, NY. The Restaurant serves lunch & diner with beer & wine. With a little TLC, good food & service a new Owner can make a name for him/her self and enjoy what you like to do. The restaurant is open 6 days a week (closed Mondays) from 11:00am to 10:00pm. The Owner is moving out of the area and selling at a very fair price – he paid over $100,000 for this business in 2005. He works the business with his family and not doing much advertising or promotion. Sales potential is estimated to average +/- $4,500 - $5,000 per week. At this volume and assuming a labor to sales ratio of 32% and a Cost Of Goods ratio of 30% Owner’s Cash Flow is estimated to be $47,000. A good operator probably can do a lot better than the current Owner – (a new operator would have to estimate their own potential revenue – do not rely on the above without doing your own research of neighborhood, traffic etc.).

Property Features and Assets:

This 1,850 square feet Restaurant is located in a strip mall by a gas station & “C” Store and liquor store at the cross roads of upper income Danbury, CT homes and a commuting road into New Fairfield, CT & Putnam Lake, NY. (Easy to pick up a pizzas, grinders or dinners on your way home). Rent is $1,900 per month. Three years remain on the lease with a 5 year option to renew.

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.