Catylist ID: #30039051
62 Seat Restaurant with Bar and Party Room
Business Opportunity for Sale
|Catylist Listing ID:||30039051|
|Property Subtypes:||Food and Beverage|
|Building Size (RSF):||2,280 SF|
|Year Business Established:||2011|
|Gross Revenue:||$185,000 (Annual)|
|Cash Flow:||$14,000 (Annual)|
|Cash Flow Type:||Sellers Discretionary Earnings|
|Sale Terms:||No Owner Financing Is Available|
Overview / Comments
Excellent opportunity to buy a restaurant with a bar in a strip center located in downtown Bethel, CT.
Other uses: A new Owner might be able to change this business into some sort of Café or Bistro, possibly something with entertainment. If you have the idea, this location may be for you. (Subject to landlord and Town approval).
This restaurant seats 62 and has an 11 ft. 5 stool bar with 4 tables and 8 seats. The main dining room has 10 tables and 30 seats and the party room has 24 seats and 10 tables. The restaurant occupies 2,228 s.f. and has parking for 29 vehicles in the front and 25 in the rear.
The current Owner serves an eclectic lunch and dinner menu that includes fine dining along with the simplicity of burgers and soft drinks. The cuisine is American food which includes burgers, salads, soups, sandwiches and their special salmon, shrimp, pasta, chicken, pork loin, filet mignon and a great sesame chicken salad. They also have a children’s menu. You can get fine dining with drinks or a burger and a coke, or change the cuisine to whatever you want. The duality of their menu offerings is what makes this establishment special. PS - the new Owner may want to consider serving breakfast too!
Sales were over $5,000 per week in 2013. Sales have gone down as their cash went down to the present $3,500 per week level – reflected in the Listing Price.
The restaurant is opened 11:00 to 9:00 Monday thru Saturday. They are closed on Sunday. The Owner and his wife work full time in the business along with 8 part timers. The equipment is in good condition. Owner’s Cash flow at the present volume is negative. The Breakeven Point is estimated to be +/- $4,460 per week.
You’ll need to estimate what you can do and calculate your own breakeven point, salary and cash flows. Note this is a great location with a long history. It’s being made available at a great price. Don’t wait to check this business out!
The business is located in a strip mall in the heart of downtown Bethel, CT. It has plenty of parking in the front. The restaurant is 2,280 s.f. It has a bar area with a few tables, a dining room and separate party room. The kitchen has a 7’ x 9’ walk-in cooler and a 6’ hood. There is even an office big enough for an upright freezer and a liquor closet.
Since there are only 2 plus years remaining in the lease, a new lease will need to be negotiated with the landlord (who is a pleasure to deal with). Current rent is $3,538.13/mo including a CAM charge of $225/mo. Equipment is estimated to be worth +/- $37,500.
Interested buyers MUST sign our Confidentiality Agreement and Questionnaire before any additional information is received. Forms are available at this Listing on our website from the link in front of the pictures, or will be e-Mailed to you upon request.
Attachments & Media
|Nearest MSA:||Hartford-West Hartford-East Hartford|
|Reason for Selling:||Personal Reasons|
|Value of Inventory Included ($):||$0|
|Value of Furniture, Fixtures, and Equipment ($):||$0|
|Value of Real Estate Included ($):||$0|
|Proximity:||1 mile||3 miles||5 miles|
C. J. (Charlie) VlahosBlanket Real Estate
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