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Connecticut Restaurants Business For Sale 26225

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Restaurants Businesses For Sale
UNION BAY GROUP
3401 Evanston Ave. N. Ste. A
Seattle, WA 98103
UNITED STATES

p.2067831717
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Category: Restaurants SIC:
Detail: N/A Price: $189,900
County: Down: $0
State/Prov.: CT Adj Net: $0
Country: USA Sales: $600,000
Relocatable No Home based No Franchise No Lender pre-qualified No
This 1,600 s.f. Deli has +/- 21 seats inside and 10 seats outside. They serve breakfast and lunch, eggs, omelets, wraps, breakfast and specialty sandwiches, hot sandwiches, hamburgers and hot dogs, soups and salads and panini?s. They also have fresh homemade meals ready to go.

The location has been a deli for +/- 25 years. Revenues in 2015 were +/- $13,000/week. Business was sold and the new Owner changed things around and eventually went out of business. Volume dropped to less than $5,000/week. The Seller took back the business, re-opened and sales are already +/- $8,500/week. The ProForma for this business should have the same level of sales in the future that it had two years ago +/- $13,000/week. A ?between? volume might be +/ $11,500/week. You will need to do your own projections for your ProForma. The above are suggestions for you to think about.

The Deli has recently been remodeled, has great parking, a convenient location and a great long-term lease.

The Owner now has another business and doesn?t want to run both businesses. If a new Owner runs it like the current Owner, sales should continue to increase at this same rate.

Hours of operation are: Monday through Friday 6:00 to 4:00, Saturday 7:00 to 4:00 and Sunday 8:00 to 3:00.

Business has 3 full-time and 3-part time employees. Labor expense should run +/- 25% - 30% of revenues and the Cost of Food standard is also +/- 25% - 30%.

Rent is $2,025/month plus $600 for snow, garbage and landscaping. This is $15.19/s.f. There are 4 years, 7 months in the current term with 2 5-year options. Total term is over 14 years. Rent increases 3% every year.

Furniture, fixtures, equipment and improvements is estimated at +/- $200,000 (cost). All menu?s, policies, procedures, name and phone number is included in the price. This is a great opportunity to get into the Deli business.

The business is located in the Greater Danbury CT area. Further information will be provided when the Confidentiality Agreement and Questionnaire is filled out and sent back.

Interested buyers MUST sign our Confidentiality Agreement and Questionnaire before any additional information is received. Forms are available at this Listing on our website from the link in front of the pictures, or will be e-Mailed to you upon request.

A/R: Real Estate: $
Inventory: $8,000.00 Other Assets: N/A
FF&E: $200,000.00 Total Assets: N/A
Leasehold: $ Included: N/A

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