Italian Restaurant for Sale with nearly $130,000

Saugatuck, CT
Fairfield County


Asking Price: Annual Revenue:
$350,000 $943,528

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Italian Restaurant for Sale with nearly $130,000 Broker: Robin Gagnon

Quick Facts

Asking Price: $350,000
Annual Revenue: $943,528
Net Profit: Not Disclosed
Cash Flow: $127,116
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1975
Employees: 10
BBN Listing #: 99418096
Broker Reference #: 7919

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Business Overview:

Buying a well established business like this Italian Restaurant for Sale in Westport is a fast path to earnings! Sales of $943,000 will generate an owner operator earnings on the books of nearly $130,000. SBA Lending for qualified candidates possible on this money-making restaurant!
No need to spend the time, money, hassles of starting from scratch! This well established Italian Restaurant for Sale has been operating for several decades and has a steady stream of loyal customers! Did we all mention the great Six-Figure income?

The Restaurant Brokers love offering opportunities like this existing location like this one, with high earnings and high sales! Need lending? No Problem! This Italian Restaurant for Sale will have no problem qualifying for SBA lending with our lender resources. Approval will be in your hands in a matter of days! Bring as little as 30% to the table, and the rest will be spread over a ten-year term.

The reasons for buying a Italian Restaurant for Sale include not only the security of existing cash flow but also a location that's already producing results. This ----- square foot store has a great long established track record in this location. The lease is a very manageable $5,800 per month which includes both the base rent and CAMS, taxes and insurance charged by the landlord. The lease is valid until -----, which includes the initial lease term as well as any options to renew.
Ready to retire, this seller has spent decades cultivating and making this Italian Restaurant for Sale a success. It's time for them to step back and hand the reigns over to a new owner that's ready to continue these great sales and earnings! Purchasing an existing business with proven financials means you don't have the added stress of wondering what the sales will be, you already know!
Fully equipped, all you need is the key and you are ready to go with this Italian Restaurant for sale. Two weeks owner/manager training is included at no additional cost so you will be prepared to make the transition as smooth as possible! Click on the Confidentiality Acknowledgement to find out more, and start your dream of owning your own restaurant today!

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.

Market Competition and Expansion:

Steady stream of loyal customers.

Reason for Selling:

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.

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