1 Withheld

    Litchfield, CT 06763
    • $299,900
    • STATUS: Active
    • ON SITE: 201 days
    • MLS #: 170251550
    UPDATED: 49 min ago
    $299,900
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,800
      SQFT
    • $79
      $/SQFT
    Neighborhood:
    N/A
    Type:
    Business Opportunity
    County:
    Area:

    School Ratings & Info

    Description

    A confidentiality Agreement & Questionnaire must be signed and seent to LA before you disclose the location of this restaurant.This is a professionally designed, award winning 64-seat restaurant with a 13-seat bar and a beautiful enclosed 30-seat attached outside patio. If I describe the cuisine you will know the name of this restaurant and without a signed Confidentiality Agreement, I cant take a chance letting a perfect stranger know this restaurant is for sale.I can tell you this restaurant is in Litchfield County. It has been opened only 3 years and already doing $860,000 to $900,000 a year. The asking price for the business is $299,900 which is +/- 34.1% of New Owners proforma (annual) revenues. The net (Owners Cash Flow) is estimated to be +/- $136,000. 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 this year revenues is being projected to come in at +/- $857,000 with New Owner's proforma volume being estimated at +/- $878,000.Here's a few more details....There are 64 seats inside and 30 seats in the patio and the bar has 13 stools. Dining area is +/- 1,900 s.f. and the kitchen/storage and prep area is 1,900 s.f. Total is 3,800 s.f.Rent was recently adjusted to 6 months at $5,000/mo gross and 6 months at $4,000/mo gross. A long-term lease is possible as well as additional space.

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    © 2020 Smart MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Higgins Group - The CT Home Finder. Data last updated: 2020-05-30T14:09:50.947.
    www.thecthomefinder.com/homes/100764774

    1 Withheld Litchfield, CT 06763

    • Price: $299,900
    • Status: Active
    • Updated: 49 min ago
    • MLS #: 170251550
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    3,800
    SQFT
    $79
    $/SQFT
    Neighborhood:
    N/A
    County:
    Litchfield
    Area:
    Litchfield
    Property Description
    A confidentiality Agreement & Questionnaire must be signed and seent to LA before you disclose the location of this restaurant.This is a professionally designed, award winning 64-seat restaurant with a 13-seat bar and a beautiful enclosed 30-seat attached outside patio. If I describe the cuisine you will know the name of this restaurant and without a signed Confidentiality Agreement, I cant take a chance letting a perfect stranger know this restaurant is for sale.I can tell you this restaurant is in Litchfield County. It has been opened only 3 years and already doing $860,000 to $900,000 a year. The asking price for the business is $299,900 which is +/- 34.1% of New Owners proforma (annual) revenues. The net (Owners Cash Flow) is estimated to be +/- $136,000. 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 this year revenues is being projected to come in at +/- $857,000 with New Owner's proforma volume being estimated at +/- $878,000.Here's a few more details....There are 64 seats inside and 30 seats in the patio and the bar has 13 stools. Dining area is +/- 1,900 s.f. and the kitchen/storage and prep area is 1,900 s.f. Total is 3,800 s.f.Rent was recently adjusted to 6 months at $5,000/mo gross and 6 months at $4,000/mo gross. A long-term lease is possible as well as additional space.
    Exterior Features

    Road Frontage Description Municipal Street

    Interior Features

    Cooling System Central Air Heat Type Hot Air Interior Features Elevator

    Property Features

    Bank Owned Property Yn No Business Name 64 Seat Restaurant And Bar Documents Available Other Garage Parking Info On Street ParkingOff Street ParkingParking Lot Heat Fuel Type Natural GasOil Landlord Requirments Credit CheckSecurity DepositLease RequiredOther Landlord Responsibility Capital ImprovementsCommon Area MaintenanceExterior MaintenanceGrounds MaintenanceMechanicalsParkingProperty ManagementReal Estate TaxesRoof MaintenanceSnow RemovalStructural Maintenace Location Downtown Possession Availability Asap Sewage System Public Sewer Connected Sign Yn No Tenant Responability All UtilitiesCable TvCredit CheckElectricityHeatHot WaterInsuranceMaintenance/RepairsSecurity SystemSewerTrash ServiceWater Utilities Available ElectricElectric AvailableGas AvailableTelephonePhone AvailableCable Available Water Source Public Water Connected Zoning Bus

    Listing information © 2020 Smart MLS
    Listing provided courtesy of Charlie Vlahos of Blanket Real Estate.


    © 2020 Smart MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Higgins Group - The CT Home Finder. Data last updated: 2020-05-30T14:09:50.947.
     
    The Higgins Group - The CT Home Finder
    1499 Post Road
    Fairfield CT, 06880