Italian Restaurant/Real Estate Business for Broker in New Haven County, Connecticut

Business:Italian Restaurant/Real Estate Business for Broker
County, State: New Haven County, Connecticut
Business Type: Restaurant/ Cafes, Delicatessen/Catering Services, Business with Property Available

Summary Description

Long-established Italian restaurant in heart of southern Connecticut city. PROPERTY ALSO OFFERED AT $500,000, with some owner financing. Restaurant seats 130, has full liquor license and easy access from major highways. Current owners there 16 years, but health reasons force quick sale with favorable financing. Parking for 40+ cars. Excellent reputation and food that is out of this world. Business run extremely well from day 1. They do LOADS of catering!! Seller sad to see it go, but can no longer handle. Must see to appreciate one of this cities finest Italian restaurants.

About the Sale

Asking price: $199,500 (USD)

Financing: $150,000 down and 49500 @ 7% over 48 months

Total Revenues: $578,000 (USD)

Cash Flow: $90,550 (USD)

Reason Selling: health

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Disclaimer: The information in these listings have been provided by the Seller and Vested Business Brokers, Ltd. has not independently verified this information and has no responsibility for its accuracy or completeness. Vested recommends that you consult with an accountant, attorney and other professionals to represent and assist you in any transaction. Vested's associate brokers will arrange a meeting between you, your representatives and the Seller, but is not authorized to make any representations or warranties. You agree to hold Vested and its associated brokers harmless of any misrepresentations made by seller.