Bethel, CT Restaurant / Bar/Tavern

Bethel, CT (Fairfield County)

Bethel, CT Restaurant / Bar/Tavern

Asking Price:$150,000

Cash Flow:$90,000

Gross Revenue:$650,000

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Rate/Sq. Ft.:N/A

Established:N/A

Bethel, CT Restaurant / Bar/Tavern

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Business Description

PYRAMID RESTAURANT GROUP
“Connecticut’s 1st Choice in Restaurant Brokerage”

Downtown Bethel, CT, Warm & Inviting Restaurant / Pub/Tavern
FOR SALE at a Drastically Reduced Price of $150,000!

This long standing 2,000 S/F, plus basement Restaurant & Pub, is located in the greater Danbury area of Fairfield County, CT, and offers a true Pub environment of dark woods and brick walls, including a traditional full service sit down all wood bar. Other features and general information of this Bar/Pub opportunity include the following:
Excellent Population Mix of Blue Collar & Professionals

LEASE TERM: 13 years remain, with rent currently at $6,000 monthly, ALL IN. Rental rate increases are 2%, every 2 years.

SEATING: 2 separate dining rooms accommodate 30 seats each, plus 25 seats (bar & high tops) in the bar room.

PARKING: Free public lot and Street.

AVERAGE ANNUAL GROSS SALES: $650,000.

GROSS SALES BRAKEDOWN: 40% (liquor, wine & beer) 60% (food).

ANNUAL NET to OWNER: $100,000.

WEEKLY PAYROLL: $5,000.

NUMBER of EMPLOYEES: 5 full time, 14 part time.

OTHER EXPENSES: Electric: $2,200 monthly
Gas: $700 monthly
Insurance: $600 monthly
Water: $25 monthly
Musak: $2,400 annually

ASKING: $150,000
For Additional Information, and a Private Walk-Through, Please Contact:
Steven A. Matsis
Senior Managing Director
Pyramid Restaurant Group
20 Summer Street
Stamford, CT 06901
(203) 496-6274

Attached Documents


Detailed Information

Real Estate:
Leased
Building Sq. Ft.:
2,000
Lease Expiration:
N/A
Financing:
Possibly short term for VERY qualified buyer

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Steven Matsis

Business Listed By:
Steven Matsis

Pyramid Restaurant Group

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