Retail - Restaurants | Retail - Bars/Taverns

$Seller Financing Available

Asking Price	$229,000	Inventory	$5,000**
Gross Income	$800,000	Real Estate
Cash Flow	$125,000	Year Established	2005
FF&E	N/A	Employees	8

* included in the asking price

** not included in the asking price

This 58 seat 2,700 s.f. restaurant has a 21 L shaped bar that seats 20. The cuisine is American. Dress is casual and the ambiance is cozy & romantic. Serves lunch and dinner, does take out & catering. The restaurants layout, size location and demographics suggest other styles would work too e.g. a sport bar? The restaurant is located off the Exit 7 extension in Brookfield, CT. The Owners bought a small pizzeria and expanded it into a 2,700 sit down restaurant in 2005. This is the second location for the Owners who are breaking up their partnership. Name issues would need to be discussed because their other restaurant located in Ridgefield, CT has the same name. The restaurant serves lunch 11:30 to 2:30 and dinner 5:00 to 9:30. The bar is open 11:30 to 11:00. Closed on Mondays. The business has 5 full-timers, 3 regular part-timers and wait-staff that in total works +/- 60 hrs/wk - as needed. Revenues are being estimated at +/- $15,000 per week for a new Owner. At this volume the net could be over +/- $125,000.

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Facilities: This 2,700 s.f. restaurant is located in several storefronts in a strip center on a busy road in Brookfield, CT. It is near the on/off exit ramp of the Route 7 extension. Abundant parking (especially in the evening when the other stores are closed) is +/- 100 spaces. There are 5 years remaining in the current term with a 10 year option to renew. Rent is $4,860 per month including nets which would be 7.3% of estimated sales for a new Owner.

Seller Financing Available: Yes

Financing: Owner requires $200,000 down and would consider financing the difference if qual

Support/Training: Owner will be available and manager wants to stay

Reason Selling: Partnership breaking up