Established Bar & Restaurant for Sale/Relet + Equipment & Furnishings

Norwalk, CT (Fairfield County)

Seller Financing Available
Main Dining
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Asking Price: $90,000

Cash Flow: $60,000

Gross Revenue: $420,000

EBITDA: $96,000

FF&E: $250,000

Inventory: $5,000*

Rent: $6,080 /Month

Established: 2009

*not included in asking price.

Established Bar & Restaurant for Sale/Relet + Equipment & Furnishings

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Business Description

Opportunity to take ownership of established business in centrally located shopping plaza in Norwalk. This section of Connecticut Avenue experiences thousands of cars in daily traffic volume. All equipment owned and included in transfer, as well as all furnishings and supplies. Beer, Wine and Liquor permit for transfer, valid through 10/19. Turn-Key opportunity to open a restaurant in a growing retail hub of the Connecticut coast! Keep the business model or make it truly yours! This is a confidential sale, please contact listing agent for inquiries at (203)604-1390

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,920
Lease Expiration:
5/1/2023
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Roughly 2000 SF of fully-built out restaurant space featuring high quality furnishings and decor, as well as class-A kitchen equipment — all included in sale.
Competition:
Only Asian restaurant on Norwalk section of Connecticut Avenue. One of few serving Asian Fusion fare in Norwalk altogether. Prime location with convenient access from I-95 and gateway entry into Norwalk, Westport and Darien markets.
Growth & Expansion:
Keep the business model or develop it into something truly yours! Limitless possibilities for growth.
Support & Training:
Support and Training available upon request.
Reason for Selling:
Capital concerns, change in direction
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Business Listed By:
John Speed

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