$$ Cash Flowing Restaurant 4 Sale $$
Newtown, CT
| Asking Price: | $199,000 |
| Gross Revenue: | $1,300,000 |
| Established Year: | 2013 |
| Cash Flow: | $200,000 |
| Rent: | $5,000/Month |
Listing ID: 2221151Listing provided by BizBuySell
BUSINESS DESCRIPTION
This HIGH traffic and LOW rent restaurant has been thriving for years. A local favorite for traditional American comfort food, the limited hours of operation and exceptional, chef-designed kitchen, offer tremendous upside potential. 60 manageable inside dining seats with 15 more at the full service bar and 50+ on the pond view patio generate 1.3 mil in annual sales currently. Owner is looking for the next operator to step in and reap the benefits of this 10+ year old brand.
DETAILED INFORMATION
Location
Newtown, CT
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
2,500
Lease Expiration
01/01/2032
Employees
8
Facilities
18 foot hood with fully equipped kitchen and ample basement storage. A sea of parking surround the restaurant and additional food truck operation (doing ~$800k annually) available. Owner has operated the restaurant full time and is looking to step away from day to day operations. Ideally, an operating/equity partner would come in and fill his shoes. Owner would sell entire operation at a 2x net income valuation.
Growth & Expansion
Expand hour of operation, catering, delivery apps and take away
Financing
available to qualified operator
Support & Training
Owner will stay on in whatever capacity is agreed to, but would like to phase out his full time schedule.
Reason for Selling
Owner scaling back his work schedule
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