Listing Number: 6842-377653
Description
Great value and opportunity for a 57-year-old Italian Restaurant! Priced for a quick sale. A long-term lease that goes for another 15 years is in place at a current rent of $6000, with real estate taxes and common charges it's 7366 per month. The 2000 square foot restaurant fits 90 people. The restaurant serves wine and beer that account for 15% of the total sales. It’s food consists of gourmet pizza, pasta, wrap sandwiches, Italian, seafood, chicken, and baked dishes. The place has a clean and bright look as the owner spent $150,000 in renovations three years ago. A great staff is in place for the next owner. Current owner is motivated to sell as he has another business to go into.
Listing Details
- Price: $ 350,000
- Down Payment: $250,000
- Sellers Discretionary Earnings: $ 173,088
- Total Sales: $ 1,114,996
- Location: Fairfield County, Connecticut
- Inventory: $ 15,000
- FF&E: $ 150,000
- Employees: 20
- Reason for Selling: Other Business Interests
- Category: Restaurants
Business Listed By:
- Eric Mendelsohn
- Phone: (516) 840-3516
- Email: emendelsohn@tworld.com
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