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Connecticut Restaurants Business For Sale 26431

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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: $56,000
County: Down: $0
State/Prov.: CT Adj Net: $18,800
Country: USA Sales: $313,100
Relocatable No Home based No Franchise No Lender pre-qualified No
This business is "On Deposit"

Fast Food business for sale. Keep present concept or change. Good lease with option to buy the commercial condominium.

This is an existing fast food restaurant that can be purchased as is or use the location, equipment and improvements for some other food establishment like a restaurant, another fast food concept, deli, caf‚ or maybe even a retail store or office.

The business is almost 2 years old. It is beginning to breakeven. The concept is unique and with advertising & promotion may become successful. Should you buy the business or use the location, equipment and improvements for another use here?s what you will get:

Good lease in a good location with plenty of parking

Option to purchase the commercial condominium that this business is in

Included in the price are the existing fast food?s furniture, fixtures and equipment in place (e.g. already installed). If you want a food establishment (so most of the equipment can be used) you will save a lot of money compared to ordering, getting it shipped, installing it, painting etc. in a ?plain vanilla box? space!!! Here almost everything is already done? Worth taking a look.

The business that is here is in it?s 2nd year. It sells burgers and burrito?s ? a Tex/Mex combination. Furniture, fixtures, equipment and improvements were +/- $70,000 - $80,000. The space is +/- 1,654 s.f.. It has 34 seats inside and a patio with 12 seats on the side and 4 seats in the front. Hours are Tuesday ? Saturday 11 to 9, Sunday 11 to 8 and closed on Monday. Required labor (with a working Owner) is a cook, 1-2 counter employees and a part time dishwasher at +/- 2,112/week. Sales last year (2017) were +/- $6,000/week. Cash Flow was +/- $18,000. This year, because of the weather, sales are off.

This unit is an end unit condominium. On the side is a patio and in the front are 2 tables. Inside is the sitting area, the ordering and pick-up counter, a kitchen area, and office, and a walk-in cooler. There are handicapped men?s and lady?s bathrooms, and on the wall are built in storage lockers.

Rent will be $4,000/month gross. Landlord will negotiate a new lease with the next qualified Buyer. There is also a purchase option to buy the condo. It will be offered at $389,500. Real Estate taxes are +/- $6,942.60.

Parking is in the front (+/- 16 spaces) plus the rest of the parking lot if needed.

Interested buyers MUST sign our Confidentiality Agreement and fill out the Questionnaire before any additional information is received or a meeting is scheduled to view the business, or the location disclosed. Forms are available at this Listing, on our website, (from the link in front of the pictures) or can be e-Mailed to you upon request.

A/R: Real Estate: $
Inventory: $ Other Assets: N/A
FF&E: $75,000.00 Total Assets: N/A
Leasehold: $ Included: N/A

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