Tremendous Value- 57 Year Italian Restaurant
Not Disclosed, CT Fairfield County
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- RE: Tremendous Value- 57 Year Italian Restaurant
- Contact: Eric Mendelsohn
Quick Facts
| Asking Price: | $350,000 | |
| Annual Revenue: | $1,114,995 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $173,088 | |
| Total Debt: | Not Disclosed | |
| FF&E: | 150,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | Not Disclosed | |
| Employees: | 20 | |
| BBN Listing #: | 500035879 | |
| Broker Reference #: | 6842-377653 |
Business Overview:
Great value and opportunity for a 57-year-old Italian Restaurant! Priced for a quick sale. A long-term lease that goes for another 15 years is in place at a current rent of $6000, with real estate taxes and common charges it's 7366 per month. The 2000 square foot restaurant fits 90 people. The restaurant serves wine and beer that account for 15% of the total sales. It’s food consists of gourmet pizza, pasta, wrap sandwiches, Italian, seafood, chicken, and baked dishes. The place has a clean and bright look as the owner spent $150,000 in renovations three years ago. A great staff is in place for the next owner. Current owner is motivated to sell as he has another business to go into.
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Reason for Selling:
Other business interests.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
- View more Connecticut businesses for sale
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