1 Withheld

Litchfield, CT
$ 199,900 Beds 0 Baths 0 Sq 3,800
Monthly Estimate* How much can I afford?

Price Reduced... A confidentiality Agreement & Questionnaire must be signed and sent to LA before you disclose the location of this restaurant. This is a professionally designed, award winning 64-seat restaurant with a 13-seat bar and a beautiful enclosed (roof) 32-seat attached outside patio. If I describe the cuisine you will know the name of this restaurant and without a signed Confidentiality Agreement, I can’t take a chance letting a perfect stranger know this restaurant is for sale. It has been opened only +/- 4 years and already doing $860,000 to $907,000 a year. The asking price for the business is now $199,900 which is +/- 22.0% of 2019’s sales ($907,000). The ratio of price to sales reflects the pandemic’s current guidelines on restaurants. When this is over the price will go back to the standard ratio of +/- 35% of sales. The net (Owner’s Cash Flow) is estimated to be +/- $150,000. Investment was +/- $460,000.* The partial first year of sales in 2016 was +/- $776,000. First full year of operations in 2017 was +/- $900,853. 2018 came in at +/- $887,518 and 2019’s was +/- $907,000.* Got your attention? Interested? I’ll schedule a meeting with the Owner who can answer all your questions and show you the restaurant. You’ll have plenty of time to do your “Due Diligence” (checking the Books & Records) and observing the business by having a few drinks and dinner a few times. Continue reading below...

Commercial

  • Price
  • $ 199,900
  • Lot Size
  • Bedrooms
  • 0
  • Sqr Footage
  • 3,800
  • Full Bathrooms
  • 0
  • Half Bathrooms
  • 0
  • City, Zip
  • Litchfield
  • County
  • LITCHFIELD
  • Style
  • Business For Sale
  • Area
  • MLS#
  • 170251550
  • Zip
  • 06763
Listing Provided by: Blanket Real Estate

Features

General

Business Name 64 Seat Restaurant Bar & Patio
Equipment Included See equipment list in Flyer
Location Downtown
Neighborhood N/A
Property Type Business For Sale
Status Active
Utilities Available Electric, Electric Available, Gas Available, Telephone, Phone Available, Cable Available
Year Business Established 3
Zoning Bus

Interior Features

Cooling System Central Air
Heat Fuel Type Natural Gas, Oil
Heat Type Hot Air
Interior Features Elevator
Sq Ft Source Owner
Sq Ft Total 3800

Exterior Features

Garage Parking Info On Street Parking, Off Street Parking, Parking Lot
Road Frontage Description Municipal Street
Sewage System Public Sewer Connected
Water Source Public Water Connected

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,068

Per Month

Based on the average sale price from the Wolcott, CT office

  • Monthly Principal & interest $1,939
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

11/11/2019 Listed $329,900
12/10/2019 10% - $299,900
9/24/2020 34% - $199,900

Property vs Zip Code Average in 06763

Price
AVG $200K
$200K
Visits
AVG 74
74

Map

1 Withheld Litchfield, CT is a Single Family Home for sale at $199900 with 3800 sqft and a lot size of Acre(s). 1 Withheld Litchfield has 0 bedrooms, 0 baths . The property's zip code is 06763 which is in Litchfield, CT

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.