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Connecticut Restaurants Business For Sale 26616

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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: $199,900
County: Down: $0
State/Prov.: CT Adj Net: $150,000
Country: USA Sales: $907,000
Relocatable No Home based No Franchise No Lender pre-qualified No
Price reduced

This is a professionally designed, award winning 64-seat restaurant with a 13-seat bar and a beautiful enclosed (roof) 32-seat attached outside patio. If I describe the cuisine you will know the name of this restaurant and without a signed Confidentiality Agreement, can take a chance letting a stranger know this restaurant is for sale.

I can tell you this restaurant is in Litchfield County, but can tell you exactly where űyet. It has been opened only 3 years and already doing $860,000 to $907,000 a year. The asking price for the business is now $199,900 which is +/- 22.0% of 2019˘ sales ($907,000). The ratio of price to sales reflects the pandemic˘ current guidelines on restaurants. When this is over the price will go back to the standard ratio of +/- 35% of sales. The net (Owner˘ Cash Flow) is estimated to be +/- $150,000. 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 2019˘ was +/- $907,000.*

Got your attention? Interested?

Fill out the Confidentiality Agreement & Questionnaire and don forget to show how you can pay for the restaurant.

When received back, if OK, I schedule a meeting with the Owner who can answer all your questions and show you the restaurant.

If you make an acceptable Offer, youĺll have plenty of time to do your "Due DiligenceüE(checking the Books & Records) and obs
A/R: Real Estate: $
Inventory: $12,000.00 Other Assets: N/A
FF&E: $ Total Assets: N/A
Leasehold: $ Included: N/A

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