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Italian Restaurant & Pizzeria With Bar For Sale`
Location Connecticut,United States
Asking Price Range < $250K
Gross Revenues $650000
Net Profit / Cash Flow $85000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1989
Number of Employees 1 - 3
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training Owner will train
Reason for Sale Retirement
Description 76 Seat 3,074 s.f. free standing Italian Restaurant & Pizzeria with Bar open 7 days for lunch & diner. Located in New Milford, CT for over 23 years.
Some interesting facts: the dining room does 25% of the business, the bar does 25% and takeout orders are 50%. 50% of the food is pizza. The lunch trade accounts for 25% of the business and dinner 75%.
The restaurant and Bar are opened 7 days a week from 11:00 to midnight. The Bar is separate from the dining room. 50% of the business is take - out. There is a special entrance for ordering and picking up takeout orders.
The Dining Room has 50 seats, a separate party Room has 14 seats and the bar has 3 booths with 12 seats and 12 stools. In total there are 64 seats for lunch and dinner and 12 seats and 12 stools in the bar.
The restaurant has the usual compliment of cooks, pizza makers, helpers, bar tenders, and wait staff. The Profoma is using the industry standard of 30% of estimated sales for Labor costs.
This restaurant is in New Milford, CT. Traffic count is over 17,000 cars per day. The restaurant has over 3.074 s.f. of space. Major rooms and areas are: dining room, party room, wait station area, bar, kitchen, storage room with a walk-in-cooler, men's room and ladies room.
Rent is $5,000 per month gross (landlord pays insurance, taxes and major repairs). There are almost 5 years remaining in the primary term plus a 5 year option. Rent increases 3% every year plus tax increases.
In order to obtain more info on this business our Confidentiality Agreement & Questionnaire must be filled out, signed and faxed/e-Mailed back to us. When received detailed info will be sent you and an appointment set up to see the operation.
Contact: C. J. (Charlie) Vlahos 203 746 7272 for more info
Click Here To Contact Seller
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