Retail - Restaurants | Retail - Other Eating & Drinking Places

Asking Price	$49,900	Inventory	$5,000**
Gross Income	$407,045	Real Estate
Cash Flow	$90,000	Year Established	1997
FF&E	N/A	Employees	5

* included in the asking price

** not included in the asking price

One of the best Indian Restaurants in the area. Could be another theme. Established over 11 years. Current Owner over 6 years. Has 11 tables with 34 seats (Allowed 49 seats but using space for buffet area). This business serves both northern & southern Indian cuisine. Lunch is 35%, dinner 55% & catering 10% of total business. Dinner take out is +/- 60% and lunch take out +/- 15%. Hours of operation: 11:30 to 2:30 & 5:00 to 10:00 Tuesday thru Sunday. Closed Monday. Business has 5 full time employees with a 34% labor/sales ratio. Sales per week of +/- $6,600 is being estimated which is down from last year. This 2007 vs. 2006 decrease appears typical for eating establishments in this area. Gross Profit is estimated over 70% with an Owner's Cash Flow after all expenses estimated around $90,000. The value of the equipment and leasehold improvements is over $20,000. Included in the equipment is a 14 x 32 counter, walk in cooler, pos system, grill, 2-6 burner stoves, 2- handy stoves (stock pot burners) and a 32 x 32 tandoori.

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Facilities: Restaurant has +/- 1,200 s.f. It is located in a small strip mall with several other businesses. There is parking for +/- 20 vehicles with additional parking in the rear. It is located on a busy road in Danbury, CT. Rent is $1,950/month gross. Rent increases $50 in 2010 and FMV in 2012. There are over 9 years remaining in the lease & option.

Financing: No Owner financing Available

Support/Training: Owner will train

Reason Selling: Owner wants to do something different