New to the market popular and profitable restaura

Newtown, CT
Fairfield County

high traffic R-t 25 Newtown

Asking Price: Annual Revenue:
$375,000 $1,100,000

Food & Beverage: Bars, Clubs, Nightspots

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RE: New to the market popular and profitable restaura Broker: Steven Matsis
License #: reb0441859

Quick Facts

Asking Price: $375,000
Annual Revenue: $1,100,000
Net Profit: $60,000
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 20
BBN Listing #: 589731096
Broker Reference #: Not Disclosed

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Business Overview:

Newtown, Fairfield County, CT Restaurant & Bar
New to the market For Sale
This Mid - Higher end charming, vibrant Restaurant and bar, located on heavy Traffic RT-25, and has become a favorite among Newtown’s foodies Population, which continues to grow due to an abundance of new restaurants & Bars popping up on what seems to be a monthly bases, in Newtown!

Please see the restaurant’s Stats below:
Asking Price: $375,000.00
Total Square Feet: 2,489
Main Level Capacity: Dining:32, Bar17,Patio:28
Remaining years on Lease: 2 years, 2months plus 2 5 year renewal options.
Monthly Base Rent: $4, 364, 00
CAM Charges: $2,178.00
Days and Hours of Operation: Tuesday, Wednesday, Thursday, Sunday Dinner 5pm-9pm
Friday & Saturday Dinner: 5:00 pm -10, 00 pm Lunch Wednesday, Thursday & Friday 11, 30am-2,30pm Saturday & Sunday Brunch 11, 30am-3.00pm
Average annual Gross sales: $1,100,000.00
Average NET Income: $60,000.00
Number of Employees: Part Time: 14, Full Time:6
Annual Payroll: $360,000.00

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Reason for Selling:

Other Business Obligations.

Additional Details:

  • The property is owned.
  • 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.

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