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Latin Restaurant for Sale in Southern Connecticut
| Reference #: |
05221626
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| Location: |
Southern Connecticut
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| Price: |
$100,000 |
| Amount Down: |
$100,000 |
| Revenues: |
$200,000 |
| Discretionary Earnings: |
$14,150 |
| Total Assets: |
$50,000 |
| Business Description: |
Business is a Latin style restaurant in existence for the past two years at a location formerly an Italian restaurant for many previous years. Located in an attractive brick building and incorporating 3,045 sq. ft. this restaurant has a full separate bar with full liquor license and two separate dining rooms plus a large full kitchen and basement. The physical characteristics are exceptional. Rent is $2,950 per month with lease running to 2024 with options. The sales figures have not been strong during this severe recession but the asking price of $100,000 for the entire set up is easily justified for a professional restauranteur who possesses the necessary skills at a time when the economy is improving. The seller recommends a buyer specialize in Argentinian, Columbian or Peruvian menus to suit the local market. Most of the existing equipment is included in the purchase price except for a few select furniture items. Food and liquor inventory is to be in addition to the purchase price. |
Contact Us About This Business For Sale
The information above has been provided by the seller and/or the seller's financial advisors and has not been verified by this independently owned office, its representative, or VR. This independently owned office, its representative, and VR make no warranty regarding the accuracy of this information and advises prospective buyers to conduct their own due diligence prior to purchasing any business. |
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