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Type State Town Real Estate
Inc.?
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Inc.?
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Deli, Diner, Catering or a Small Restaurant Business For Sale and Lease
"Deposited"

 
CT  New Milford  No  No  +/- $500  $39,900 

Description:
Great space for a Deli, Catering or Small Restaurant business For Sale and Lease. Lot's of equipment included in Sale. Good Lease, good Landlord great Location with a Traffic Count of +/- 26,500 cars per day.

Selling existing business, business assets and lease which includes additional equipment and improvements made by the business Owner.

Purchasing the business with the right to negotiate a new lease with the landlord at this location is all part of the purchase price.

Besides continuing with the existing business, the new Owner could use this opportunity to develop a deli, diner, different type of restaurant or a catering business (or some other allowed use).

Currently being used as a small Mediterranean restaurant. Has 6 tables with 16 seats. (town might allow additional tables and chairs).

Click here for a picture slide show of this business/property


 
Operation:

The store is separated into rooms and spaces. Note that most of the inside walls aren’t load bearing and can probably be moved or even eliminated.

You walk into the dining (sitting) room. Here there are counters, chairs and tables. The unisex bathroom is down a hall in this area (est’d +/- 736 s.f.)

Next you walk into the current kitchen and prep area. Here there is the hood and stove, refer and sinks. (est’d +/- 393 s.f.)

Then you go into (est’d +/- 688 s.f.) of space where there are more sinks, a break room which could be used for storage and other uses along with 2 walk in coolers and 1 walk in freezer – see asset list for details.

The current Lease has 9 years remaining with the options. Contract rent is $4,000 per month. Landlord has given the current tenant a rent reduction to $3,600 per month. Rent is gross includes all “nets” like snow plowing, landlord’s insurance and common area maintenance and repairs. This is the current tenants lease. The new tenant needs to be approved by the landlord and a new lease might be written.

 
Location:
The store is on the south side of the 4 store-front building on the west side of Danbury Rd (Route 7) a short distance south of Bridge St in New Milford, CT.

The neighborhood along Route 7 is just about all commercial (mostly retail) with available space for expansion. Residential is located on the roads that connect into Route 7. See demographic information attached to this report for details.

 

Monthly Rent: +/- $3,600 - $4,000  Remaining Term:  
Total SQ FT: +/- 2,056 s.f.  Rent Increases:  
Retail SQ FT:  
Office SQ FT:   Est'd FMV of Equip.:
The Est'd FMV of the Owner's equipment and improvements is over +/- $13,600. The lease also includes equipment and improvements belonging to the Landlord.

 
Warehouse SQ FT:  
Est'd Sales   Terms:
Depending on the Selling Price, the owner might consider doing some financing.

 
Gross Profit:  
Oper. Expenses:   ROI:  
Est'd Owners Cash
Flow:
  Payback:  

Reason For Sale:
Owner working too many hours.

 
Comments: In order to obtain more information or visit this or any other business the Confidentiality Agreement & Questionnaire Agreement must be filled in, signed and faxed back. To get these forms – Click here

 

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