Description 76 Seat 3,074 s.f. free standing Italian Restaurant & Pizzeria with Bar open 7 days for lunch & diner. Located in New Milford, CT for over 25 years.
Some interesting facts: the dining room does 25% of the business, the bar does 25% and takeout orders are 50%. 50% of the food is pizza. The lunch trade accounts for 25% of the business and dinner 75%.
The restaurant and Bar are opened 7 days a week from 11:00 to midnight. The Bar is separate from the dining room with 50% of the business in takeout. There is a special entrance for ordering and picking up takeout orders.
The Dining Room has 50 seats, a separate party Room has 14 seats and the bar has 3 booths with 12 seats and 12 stools. In total there are 64 seats for lunch and dinner and 12 seats and 12 stools in the bar.
The restaurant has the usual compliment of cooks, pizza makers, helpers, bar tenders, and wait staff. The Profoma is using the industry standard of 32% of estimated sales for Labor costs less $40,000 for Owner's labor.
This restaurant is in New Milford, CT. Traffic count is over 17,000 cars per day. The restaurant has over 3,074 s.f. of space. Major rooms and areas are: dining room, party room, wait station area, bar, kitchen, storage room with a walk-in-cooler, men's room and ladies room.
Rent is $5,150 per month gross (landlord pays insurance, taxes and major repairs). There are 3+ years remaining in the primary term plus a 5 year option. Rent increases 3% every year plus tax increases.
In order to obtain more info on this business our Confidentiality Agreement & Questionnaire must be filled out, signed and faxed/e-Mailed back to us. When received detailed info will be sent you and an appointment set up to see the operation.
Reason For Sale - Retirement
If qualified and with 50% down Owner's will consider financing.