Business For Sale

Long standing Italian Restaurant & Pizza

Not Disclosed , CT
Fairfield County


Asking Price: Annual Revenue:
$120,000 $600,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Long standing Italian Restaurant & Pizza Broker: Steve Matsis
License #: REB.0441859

Quick Facts

Asking Price: $120,000
Annual Revenue: $600,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1985
Employees: Not Disclosed
BBN Listing #: 665031096
Broker Reference #: Not Disclosed

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Business Overview:

Long Standing Italian Restaurant, with Same Owner for 32 years, now ready to retire.

Located in Lower Fairfield County, CT, at High Traffic Post Rd. This traditional “old school” Italian-Pizza Restaurant has stood the test of time for more than 32 years! The location offers a full liquor license, and 90 seats of dining. 4 years remain on the Lease, plus renewal options to be negotiated with the Landlord. Current Monthly Rent, Including CAM is $5,300.

According to The Seller’s Accountant, 2015 sales are as follows:

3 Months Ended December 31, 2015
$164,647.96

12 Months Ended December 31, 2015
$604,317.64

Officers’ Salaries were $48,000.00

Seller projects that year-end sales for 2016,
will surpass 2015

This is a Great Opportunity for a New Owner to Take Over and Build upon the Foundation of an Already Proven Successful Full Service Restaurant, at a Very Realistic Bargain Price of
$120,000

On Site Parking is Abundant!
For Additional Information and a Walkthrough Appointment
CONTACT EXCLUSIVE BROKER
Steve Matsis
Senior Managing Director
Restaurant Acquisitions & Leases
Pyramid Restaurant Group
20 Summer Street
Stamford, CT 06901

PYRAMID RESTAURANT GROUP
“Connecticut’s 1st Choice in Restaurant Brokerage Services”

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Reason for Selling:

Owner Retiring.

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.

Documents:

Relevant Links:

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