Business For Sale

Italian Restaurant/ Bar/ 275-Seat Banquet Hall

Danbury, CT
Fairfield County


Asking Price: Annual Revenue:
$290,000 $1,700,000

Food & Beverage: Bars, Clubs, Nightspots


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RE: Italian Restaurant/ Bar/ 275-Seat Banquet Hall Broker: Steve Matsis
License #: REB.0441859
Owner Financing is Available!

Quick Facts

Asking Price: $290,000
Annual Revenue: $1,700,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1982
Employees: Not Disclosed
BBN Listing #: 902131096
Broker Reference #: Not Disclosed

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Business Overview:

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

Rare and Exceptional Fairfield County, CT, Combination Full Service Italian Restaurant & Bar.
Plus 275 Seats Banquet Room.
Fairfield County, CT For Sale.
Please See Below for Full Details .



This 12,000 SF, FreeStanding Part Italian Restaurant & Bar, & Part 275 Seats Banquet Facility plus 160 seats in the main dining rooms & 35 in the bar Room , Plus an additional 25 in upper level bridal suite, is being offered FOR SALE, for the first time since being established in 1982.

After Many Years of Successful Operation, The Owner is Retiring & Ready to Turn the key’s over to a Highly Qualified New Owner.

Most Recent Average 3 years of Annual Gross Sales, (2015, 2016, and recent 2017) at approximately $1,700,000 +-
2016 Banquet Bookings Came in at 380!
290 Banquet Bookings, (so far), for 2017,
Which will be transferred to the New Owner.

The Facility is located on 2.6 Acres with Abundant Parking Accommodations.

Asking Price for The Business Assets, Including all equipment, Furniture, Good will, and all Scheduled Banquet Contracts, Including Deposits.
Realistically Priced at $290,000
Reasonable Offers Will be Considered!

Seller will also offer Creative Financing
To a Highly Qualified, Credit Worthy Buyer

CONTACT EXCLUSIVE BROKER
Steve Matsis
Senior Managing Director
Restaurant Acquisitions & Leases
Pyramid Restaurant Group
20 Summer Street
Stamford, CT 06901
(203) 496-6274

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Reason for Selling:

Owner Retiring

Additional Details:

  • The property is leased.
  • The owner is 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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