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Connecticut Restaurants Business For Sale 26639

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Restaurants Businesses For Sale
The Transition Group
 
Clackamas, Oregon 97015
UNITED STATES

p.971-224-4080
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Category: Restaurants SIC:
Detail: N/A Price: $180,000
County: Down: $180,000
State/Prov.: CT Adj Net: $32,100
Country: USA Sales: $1,005,000
Relocatable No Home based No Franchise No Lender pre-qualified No
Price Reduced

This is a 4,135 s.f. 89 seat downtown restaurant with a separate 26 seat party room (good for meetings) and a 35? 20 stool bar. It is located close to 2 municipal parking lots with over 100 spaces. There is also street parking around the restaurant too.

There are 19 seats and 7 tables in the bar area (part of the total count).

The area attracts diners from all around because there are several other restaurants on the adjoining streets making the area a ?dining destination?. A multi-screen movie theater is a short walk from the restaurant.

The restaurant serves American cuisine made fresh and to order. The bar has one of the biggest visible liquor back bars you?ll ever see. Has more than 190 bottles of liquor on display. They specialize in making seasonal and signature drinks. The bar has 10 taps and sells 10 different beers. A pepsi soda system speeds getting soft drinks to dinners and a walk-in-cooler behind the bar keeps the beer icy cold. 3 flat screen TV?s entertain customers while they drink and dine.

Sales are +/- $19,300/week ($1,005,000/year). The kitchen has all the equipment needed to serve hungry dinners. Most of this equipment is only 5 years old. The restaurant rents a dishwasher and the hood is +/- 12?. A POS computer with Clover POS software keeps ordering and record keeping simple. Two computers are in the bar and 2 are in the dining room. Readers are in the dining room, bar & kitchen. Across from the kitchen to the rear of the main dining room is the wait station. Here is the coffee machine, table utensils, Bain Marie, cooler and the POS computers.. There are men?s & ladies?s bathrooms, a separate office and an outside storage area.

The restaurants liquor license is also for entertainment. The present Owners do little if any, but it?s available if wanted.

Why Is It For Sale? They own another restaurant in a nearby town and can?t run 2 restaurants so must sell one of them.

The space could easily be changed for any concept. It has plenty of seats for dining room seating, bar area and socializing. Any cuisine might work, maybe a sports bar? With the private room for group meetings you have a lot of flexibility ? all possible depending on what you want to do.

Rent is $5,300 /month. Landlord has temporarily reduced the rent to $3,600/mo. Rent will increase based on COLA adjustments with a 3% cap. There are 5 years remaining in the 1st option with 2 more 5 year options available. This is a net lease.

The fact that this is New Milford?s destination dining area makes the location special. Being close to a movie theater helps too. This restaurant has seen a positive growth rate ever since they bought the business 5 years ago.

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. Detailed financial information showing ability to purchase and proof of funds may be required before a meeting or conference call is scheduled.

A/R: Real Estate: $
Inventory: $20,000.00 Other Assets: N/A
FF&E: $ Total Assets: N/A
Leasehold: $ Included: N/A

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