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Business For Sale

Pizza/Bar/Restaurant with Unbelievable Lease!

Middletown, CT

Food & Beverage: Restaurants, Fast Food, Deli

 
Asking Price:
Annual Revenue:
Net Profit:
Cash Flow:
Total Debt:
$165,000
$500,000
Not Disclosed
Not Disclosed
Not Disclosed
FF&E:
Real Estate:
Year Established:
Employees:
Listing Number:
Not Disclosed
Not Disclosed
Not Disclosed
0
600621683

Business Overview:

"PRICE REDUCTION,THIS IS A MUST SEE DEAL" Pizza/Bar/Restaurant, Located less than one block from Wesleyan University campus, Middletown, CT. Seats 40 in the dining room, 14 stools at the bar, and 50 seats on the outdoor decks. The full cooking line includes a double door Pizza oven, which was added seven months ago. The owner of the this business has a new 20 year master lease on the entire building, which includes the restaurant & bar, and a 4 bedroom second story apartment. The rent is currently $2,600.00 monthly (real estate taxes included) for the entire building, and the apartment is currently listed at $2,000.00 monthly. This means that the restaurant & bar is only paying $600.00 per month in rent when the apartment is leased! The business is currently averaging around $45,000.00 per month, and growing. This is an unbelievable opportunity for a hands-on owner to take advantage of a lease that won’t be found again! And at a realistic reduced asking price of $165,000.00. "MUST SELL DO TO PERSONAL REASONS, AND OWNER WILL ENTERTAIN ALL REASONABLE OFFERS!

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:

The full cooking line includes a double door Pizza oven, which was added seven months ago. The owner of the this business has a new 20 year master lease on the entire building, which includes the restaurant & bar, and a 4 bedroom second story apartment. The rent is currently $2,600.00 monthly (real estate taxes included) for the entire building, and the apartment is currently listed at $2,000.00 monthly. This means that the restaurant & bar is only paying $600.00 per month in rent when the apartment is leased!

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.
 

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