The Matthews GroupWilliam Raveis

The Matthews Group

Danbury, CT 06810MLS Number 170418345

  • Price: $299,900
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Federal 30-year interest rate: 3.09% last updated on Oct 21, 2021
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  • $299,900List Price
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This Pizza restaurant has been here for over 50 years. The current Owner over 12 years. He has another restaurant in another town, a food truck, and a painting business. He finally realizes he is overextended and needs to cut back - hence the sale of this small Pizza restaurant. It is located in a shopping center with 43 stores surrounded by 4 other shopping centers with +/- 87 stores. Busy location - yes! The traffic count is over thirty thousand cars per day passing in front of these shopping centers. This is a quaint traditional pizza restaurant with 2 Blodgett ovens. In 2019 at the International Pizza Expo in Las Vegas, the owner was ranked as the premier figure in pizza making, (#2 in the northeast and #13 worldwide). The restaurant is 1,100 s.f. It has 38 seats with16 tables. Serves wine & beer and has a raised area in the front of the dining room used for comics, karaoke, and 3 person bands etc. Sales for 2017 thru 2020 have averaged $636,933 per year ($12,249 per week). At this volume, the Owner's Cash flow would be estimated at +/- $113,000. New Owner sales (after the co-vid pandemic is under control) are being projected at $884,000 ($17,000 per week). At this volume, with the increases in costs, the Owner's Cash Flow is estimated at +/- $135,000. After an offer has been accepted, the Buyer will have up to 3 weeks to check the restaurant's sales and operations in the restaurant which would include computer POS checking too.

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Listing Courtesy of Blanket Real Estate

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