Owner Financing is Available!
Business Overview:
Located on the most desirable section of Mill Plain Rd., Danbury, minutes from Westchester County, just down the road from Western Connecticut University. This free standing, all new build-out family style restaurant is being sold at a sacrifice price! The hands-off owner does not have the time to bring the current concept to where he had hoped it would be, and will entertain all serious offers, and seller financing to qualified buyers. This 2,250 sq. ft. pristine building and interior build-out offers 50 seats of dining, 18 at the bar, and has received town approvals for a 30 seat outdoor deck. The private parking lot offers 30+ spaces and the property is highly visible from both directions of Mill Plain Rd. 9½ years remain on the lease, plus 2 five year renewal options. The base rent is $4,200 monthly, plus $1,100 for taxes, insurance and CAM. Any new well run concept would flourish at this location, especially an American Sports Pub, Mexican full service restaurant & bar, or Pizza/Bar, and is being offered at $175,000, which is drastically below the new build-out cost of over $400,000.
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.
Property Features and Assets:
Everything is in impeccable condition, including all mechanical systems.
This 2,250 sq. ft. pristine building and interior build-out offers 50 seats of dining, 18 at the bar, and has received town approvals for a 30 seat outdoor deck. The private parking lot offers 30+ spaces and the property is highly visible from both directions of Mill Plain Rd. 9½ years remain on the lease, plus 2 five year renewal options. The base rent is $4,200 monthly, plus $1,100 for taxes, insurance and CAM.
Market Competition and Expansion:
Huge upside potential, surrounded by the most successful restaurants in Danbury, high traffic count, and high visibility.
Reason for Selling:
Hands-off owner can't make it work
Additional Details:
- The property is leased.
- The owner is not 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.