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Address Not Available By Request

Danbury, CT 06810
  • $299,900
  • STATUS: Active
  • ON SITE: 102 Days
  • MLS #: 170418345
$299,900
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Business Opportunity
County:
Area:

School Ratings & Info

Description

This Pizza restaurant has been here for over 50 years. The current Owner over 12 years. He has another restaurant in another town, a food truck, and a painting business. He finally realizes he is overextended and needs to cut back hence the sale of this small Pizza restaurant.It is located in a shopping center with 43 stores surrounded by 4 other shopping centers with +/- 87 stores. Busy location yes! The traffic count is over thirty thousand cars per day passing in front of these shopping centers.This is a quaint traditional pizza restaurant with 2 Blodgett ovens. In 2019 at the International Pizza Expo in Las Vegas, the owner was ranked as the premier figure in pizza making, (#2 in the northeast and #13 worldwide). The restaurant is 1,100 s.f. It has 38 seats with16 tables. Serves wine & beer and has a raised area in the front of the dining room used for comics, karaoke, and 3 person bands etc. Sales for 2017 thru 2020 have averaged $636,933 per year ($12,249 per week). At this volume, the Owners Cash flow would be estimated at +/- $113,000.New Owner sales (after the co-vid pandemic is under control) are being projected at $884,000 ($17,000 per week). At this volume, with the increases in costs, the Owners Cash Flow is estimated at +/- $135,000. After an offer has been accepted, the Buyer will have up to 3 weeks to check the restaurant's sales and operations in the restaurant which would include computer POS checking too.

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The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2021 SmartMLS, Inc. Data last updated: 2021-10-20T00:10:03.527.
www.thecthomefinder.com/homes/119158726
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Address Not Available By Request Danbury, CT 06810

  • Price: $299,900
  • Status: Active
  • MLS #: 170418345
0
Beds
0
Baths
0
½ Baths
N/A
Acres
County:
Fairfield
Area:
Danbury
Property Description
This Pizza restaurant has been here for over 50 years. The current Owner over 12 years. He has another restaurant in another town, a food truck, and a painting business. He finally realizes he is overextended and needs to cut back hence the sale of this small Pizza restaurant.It is located in a shopping center with 43 stores surrounded by 4 other shopping centers with +/- 87 stores. Busy location yes! The traffic count is over thirty thousand cars per day passing in front of these shopping centers.This is a quaint traditional pizza restaurant with 2 Blodgett ovens. In 2019 at the International Pizza Expo in Las Vegas, the owner was ranked as the premier figure in pizza making, (#2 in the northeast and #13 worldwide). The restaurant is 1,100 s.f. It has 38 seats with16 tables. Serves wine & beer and has a raised area in the front of the dining room used for comics, karaoke, and 3 person bands etc. Sales for 2017 thru 2020 have averaged $636,933 per year ($12,249 per week). At this volume, the Owners Cash flow would be estimated at +/- $113,000.New Owner sales (after the co-vid pandemic is under control) are being projected at $884,000 ($17,000 per week). At this volume, with the increases in costs, the Owners Cash Flow is estimated at +/- $135,000. After an offer has been accepted, the Buyer will have up to 3 weeks to check the restaurant's sales and operations in the restaurant which would include computer POS checking too.
Exterior Features

Parking Total Spaces 100 Road Frontage Description State Road

Interior Features

Cooling System Central Air Heat Type Hot Air

Property Features

Bank Owned Property Yn No Business Name Pizza Restaurant Documents Available Other Garage Parking Info PavedUnassigned ParkingOff Street Parking Heat Fuel Type ElectricOther Location Highway AccessStrip Mall Possession Availability Asap Present Use Pizza Restaurant Sewage System Public Sewer Connected Sign Yn No Utilities Available ElectricTelephone Water Source Public Water Connected Zoning Bus

Listing information © 2021 Smart MLS
Listing provided courtesy of Charlie Vlahos of Blanket Real Estate.


The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2021 SmartMLS, Inc. Data last updated: 2021-10-20T00:10:03.527.
 
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The Higgins Group - The CT Home Finder
1499 Post Road
Fairfield CT, 06880