MLS Number 170251550
- Commercial Business For Sale
- Square Feet 3,800
A confidentiality Agreement & Questionnaire must be signed and seent 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 30-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.
I can tell you this restaurant is in Litchfield County. It has been opened only 3 years and already doing $860,000 to $900,000 a year. The asking price for the business is $299,900 which is +/- 34.1% of New Owner's proforma (annual) revenues. The net (Owner's Cash Flow) is estimated to be +/- $136,000. 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 this year revenues is being projected to come in at +/- $857,000 with New Owner's proforma volume being estimated at +/- $878,000.
Here's a few more details....
There are 64 seats inside and 30 seats in the patio and the bar has 13 stools. Dining area is +/- 1,900 s.f. and the kitchen/storage and prep area is 1,900 s.f. Total is 3,800 s.f.
Rent was recently adjusted to 6 months at $5,000/mo gross and 6 months at $4,000/mo gross. A long-term lease is possible as well as additional space.
Listing Courtesy of Blanket Real Estate