Business for Sale

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Business for Sale Summary [Non-Confidential]

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Fairfield County, CT

Business Type: retailing businesses,bar/tavern/night clubs,other eating & drinking places,restaurant/ cafes

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Non-Confidencial Financial Infomation

  • Asking Price

    $150,000.00

  • Gross Revenues

    $295,000.00

  • Financing

    $ 75,000.00 Down and $75,000 @ 8% 2 years

  • Owner's Cash Flow

    $124,550.00

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Business Description

LAND-MARK, CAFE/BAR offered with 50% financing!!! First option to purchase real estate directly through owner for an additional 475K. Property includes 2 three bedroom apartments, 2 car garage presently earning 3K plus a month. Great neighborhood tavern located in the heart of a thriving town/city. Well known, successful establishment has beaten the test of time for decades. Owner has been in the business since the 60s and says sell now, it's time to move on. Remodeled with great attention to detail, quality interior woodworking craftsmanship. Nightly events (pool tournaments, karaoke, open mic) has kept the nightly crowds flowing, the potential is even greater with a little advertising and increasing the limited food menu. Owner/landlord will negotiate new lease and extend a one year first option to purchase property. This is an awesome opportunity.

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