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0 Withheld Street

Guilford, CT 06437
  • $1,750,000
  • STATUS: Active
  • ON SITE: 96 Days
  • MLS #: 170626433
$1,750,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Business Opportunity
Built:
1924
County:
Area:

School Ratings & Info

Description

This is a 95-seat restaurant with a bar (14 stools) surrounded by 22 high-top table seats. There are also 40 seats for outside dining. Sales volume for the last 3 years was between $2.6 million and $3.0 million per year (averaged 2,831,000). Adjusted Owner’s Cash Flow was between $750,000 and $835,000 per year (averaged 791,000). The restaurant is located in the northeast part of CT in an “old money” high-income town. It has great demographics for a restaurant. Return the Confidentiality Agreement & Questionnaire & I’ll send you, if qualified, detailed info about this fantastic business…so fill out the forms or request that you would like more information and I’ll e-Mail the forms to you. Will forward more info as more info becomes available No Vehicles are included. Some wine not included. Lease info and some other info is from Seller. Tax Return profit converted to Sellers Discretionary Earnings (SDE)

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The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2024 SmartMLS, Inc. Data last updated: 2024-05-30T00:10:53.51.
www.faifmangroup.com/homes/147896931
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0 Withheld Street Guilford, CT 06437

  • Price: $1,750,000
  • Status: Active
  • On Site: 96 Days
  • MLS #: 170626433
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1924
Built
County:
New Haven
Area:
Guilford
Property Description
This is a 95-seat restaurant with a bar (14 stools) surrounded by 22 high-top table seats. There are also 40 seats for outside dining. Sales volume for the last 3 years was between $2.6 million and $3.0 million per year (averaged 2,831,000). Adjusted Owner’s Cash Flow was between $750,000 and $835,000 per year (averaged 791,000). The restaurant is located in the northeast part of CT in an “old money” high-income town. It has great demographics for a restaurant. Return the Confidentiality Agreement & Questionnaire & I’ll send you, if qualified, detailed info about this fantastic business…so fill out the forms or request that you would like more information and I’ll e-Mail the forms to you. Will forward more info as more info becomes available No Vehicles are included. Some wine not included. Lease info and some other info is from Seller. Tax Return profit converted to Sellers Discretionary Earnings (SDE)
Exterior Features

Garage And Parking NoneOther Lot Description Corner LotLevel Lot Parking Total Spaces 50 Road Frontage Description None Roof Information Flat Traffic Count 6000

Interior Features

Cooling System Central Air Heat Type Hot Air Interior Features Handicap Design Number Of Restrooms 2 Sq Ft Total 2800

Property Features

Ada Compliant YN Yes Additional Space Available YN Yes Agent Owner YN No Bank Owned Property No Business Name 95 Seat Restaurant Equipment Included See equipment list - average age is 4 years Equipment Value Estimated 400000 Exclusions Personal Items Gross Annual Income 2831000 Heat Fuel Type Gas In StreetNatural Gas Hubbard YN No Inventory Included YN No Land Included With Business Business Only (No Real Estate) Landlord Requirements Credit CheckSecurity DepositLease RequiredLease Restrictions Landlord Responibility Capital ImprovementsReal Estate TaxesRoof MaintenanceSnow RemovalStructural Maintenace Lease Years Remaining 12 Location DowntownSuburban Monthly Lease Amount 6300 Net Operating Income 791000 New Construction Type No/Resale Present Use Restaurant Sewage System Public Sewer Connected Space Is Leased YN Yes Tenant Responsibility Air ConditioningAll UtilitiesCable TVElectricityHeatHot WaterInsuranceLiability InsuranceMaintenance/RepairsTrash Service Under Agreement Yn No Utilities Available ElectricTelephone Water Source Public Water Connected Year Business Established 7 Zoning Neighborhood H

Listing information © 2024 Smart MLS
Listing provided courtesy of Charlie Vlahos of Blanket Real Estate: (203) 746-7272.


The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2024 SmartMLS, Inc. Data last updated: 2024-05-30T00:10:53.51.
 
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