1 WithheldLitchfield, CT 06763MLS Number 170251550

  • Price: $199,900
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Federal 30-year interest rate: 2.97% last updated on Feb 25, 2021
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
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1 Withheld Litchfield CT 06763
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  • 3,800Square Feet

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Price Reduced... A confidentiality Agreement & Questionnaire must be signed and sent to LA before you disclose the location of this restaurant. This is a professionally designed, award winning 64-seat restaurant with a 13-seat bar and a beautiful enclosed (roof) 32-seat attached outside patio. If I describe the cuisine you will know the name of this restaurant and without a signed Confidentiality Agreement, I can't take a chance letting a perfect stranger know this restaurant is for sale. It has been opened only +/- 4 years and already doing $860,000 to $907,000 a year. The asking price for the business is now $199,900 which is +/- 22.0% of 2019's sales ($907,000). The ratio of price to sales reflects the pandemic's current guidelines on restaurants. When this is over the price will go back to the standard ratio of +/- 35% of sales. The net (Owner's Cash Flow) is estimated to be +/- $150,000. Investment was +/- $460,000.* The partial first year of sales in 2016 was +/- $776,000. First full year of operations in 2017 was +/- $900,853. 2018 came in at +/- $887,518 and 2019's was +/- $907,000.* Got your attention? Interested? I'll schedule a meeting with the Owner who can answer all your questions and show you the restaurant. You'll have plenty of time to do your “Due Diligence” (checking the Books & Records) and observing the business by having a few drinks and dinner a few times. Continue reading below...

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Property Details

The Matthews Group
The Matthews Group
Office: 860.868.0511
4 Green Hill Road
Washington Depot, CT 06794
Listing Courtesy of Blanket Real Estate

Information contained in this Smart MLS listing has been compiled from various sources, all of which may not be completely accurate. Smart MLS makes no warranty or representation as to the accuracy of listing information. All information that influences a decision to purchase a listed property should be independently verified by the purchaser. Copyright 2017 Smart MLS, Inc. All rights reserved.

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