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    1 Withheld

    Litchfield, CT 06763
    • $199,900
    • STATUS: Active
    • ON SITE: 380 days
    • MLS #: 170251550
    UPDATED: 9 min ago
    $199,900
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,800
      SQFT
    • $53
      $/SQFT
    Neighborhood:
    N/A
    Type:
    Business Opportunity
    County:
    Area:

    School Ratings & Info

    Description

    Price Reduced...A confidentiality Agreement & Questionnaire must be signed and sent 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 (roof) 32-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.It has been opened only +/- 4 years and already doing $860,000 to $907,000 a year. The asking price for the business is now $199,900 which is +/- 22.0% of 2019s sales ($907,000). The ratio of price to sales reflects the pandemics current guidelines on restaurants. When this is over the price will go back to the standard ratio of +/- 35% of sales. The net (Owners Cash Flow) is estimated to be +/- $150,000. 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 2019s was +/- $907,000.* Got your attention? Interested?Ill schedule a meeting with the Owner who can answer all your questions and show you the restaurant.Youll have plenty of time to do your "Due Diligence (checking the Books & Records) and observing the business by having a few drinks and dinner a few times. Continue reading below...

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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 Forever Homes Real Estate, LLC. Data last updated: 2020-11-25T23:09:48.237.
    www.foreverhomesrealestate.net/homes/100764774
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    1 Withheld Litchfield, CT 06763

    • Price: $199,900
    • Status: Active
    • Updated: 9 min ago
    • MLS #: 170251550
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    3,800
    SQFT
    $53
    $/SQFT
    Neighborhood:
    N/A
    County:
    Litchfield
    Area:
    Litchfield
    Property Description
    Price Reduced...A confidentiality Agreement & Questionnaire must be signed and sent 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 (roof) 32-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.It has been opened only +/- 4 years and already doing $860,000 to $907,000 a year. The asking price for the business is now $199,900 which is +/- 22.0% of 2019s sales ($907,000). The ratio of price to sales reflects the pandemics current guidelines on restaurants. When this is over the price will go back to the standard ratio of +/- 35% of sales. The net (Owners Cash Flow) is estimated to be +/- $150,000. 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 2019s was +/- $907,000.* Got your attention? Interested?Ill schedule a meeting with the Owner who can answer all your questions and show you the restaurant.Youll have plenty of time to do your "Due Diligence (checking the Books & Records) and observing the business by having a few drinks and dinner a few times. Continue reading below...
    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 Bar & Patio 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 Forever Homes Real Estate, LLC. Data last updated: 2020-11-25T23:09:48.237.
     
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