1 Withheld Street

    Danbury, CT 06810
    • $74,900
    • STATUS: Active
    • ON SITE: 150 days
    • MLS #: 170251140
    UPDATED: 13 min ago
    $74,900
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,588
      SQFT
    • $47
      $/SQFT
    Neighborhood:
    N/A
    Type:
    Business Opportunity
    County:
    Area:

    School Ratings & Info

    Description

    This 1,588 s.f. Deli been operating by the family for over 24 years. The Deli has 18 seats, 6 tables and 4 stools. It serves breakfast & lunch, does catering and delivers.The Owner doesnt work in the Deli (absentee operation). His cook been with him for over 19 years. The equipment is in excellent condition. It has been well maintained and cleaned every day. Original investment in assets was +/- $50,000.Hours of operation are: Monday Saturday 7:00 to 3, Sunday closed. This is a 6-day, 48-hour operation. Currently there is 1 full timer and 3-part timers working a total of 119.25 hours.If a working Owner purchases the business it would mean if you work 40 hours and use 1 full timer and 3 part time paid workers working only 88 hours per week, labor expense would decrease from $88,608 (+ taxes) to $69,108 (+ taxes), a 22.0% decrease. So, adjusted gross for a working owner is estimated to be +/- $316,797 with a Net of +/- $96,238. This assumes the Owner is working 40 hrs, so labor is less. This calculation also includes the new rent at $19.00 psf.Monthly rent will be $2,514.33 ($19.00 psf) plus the nets (NNN). Rent increases 3% per year.If qualified & with security Owner financing is possible. The Owner will consider financing with 30% - 50% down with the balance financed over 2-4 years at +/- 7.5% interest.Please maintain Confidentiality - make sure your clients/customers do not talk to anyone except their advisors about this Listing.

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    © 2020 Smart MLS. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Feola & Lanzante | Keller Williams Trumbull. Data last updated: 2020-04-07T10:10:07.877.
    www.feolanzante.com/homes/100672975

    1 Withheld Street Danbury, CT 06810

    • Price: $74,900
    • Status: Active
    • Updated: 13 min ago
    • MLS #: 170251140
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1,588
    SQFT
    $47
    $/SQFT
    Neighborhood:
    N/A
    County:
    Fairfield
    Area:
    Danbury
    Property Description
    This 1,588 s.f. Deli been operating by the family for over 24 years. The Deli has 18 seats, 6 tables and 4 stools. It serves breakfast & lunch, does catering and delivers.The Owner doesnt work in the Deli (absentee operation). His cook been with him for over 19 years. The equipment is in excellent condition. It has been well maintained and cleaned every day. Original investment in assets was +/- $50,000.Hours of operation are: Monday Saturday 7:00 to 3, Sunday closed. This is a 6-day, 48-hour operation. Currently there is 1 full timer and 3-part timers working a total of 119.25 hours.If a working Owner purchases the business it would mean if you work 40 hours and use 1 full timer and 3 part time paid workers working only 88 hours per week, labor expense would decrease from $88,608 (+ taxes) to $69,108 (+ taxes), a 22.0% decrease. So, adjusted gross for a working owner is estimated to be +/- $316,797 with a Net of +/- $96,238. This assumes the Owner is working 40 hrs, so labor is less. This calculation also includes the new rent at $19.00 psf.Monthly rent will be $2,514.33 ($19.00 psf) plus the nets (NNN). Rent increases 3% per year.If qualified & with security Owner financing is possible. The Owner will consider financing with 30% - 50% down with the balance financed over 2-4 years at +/- 7.5% interest.Please maintain Confidentiality - make sure your clients/customers do not talk to anyone except their advisors about this Listing.
    Exterior Features

    Road Frontage Description Municipal Street

    Interior Features

    Cooling System Central AirWall Unit Heat Type Hot Air Restrooms Number Of 1

    Property Features

    Bank Owned Property Yn No Business Name Deli & Catering With 18 Seats Documents Available None Garage Parking Info PavedParking Lot Heat Fuel Type Electric Landlord Requirments Credit CheckSecurity DepositLease RequiredAnnual IncreaseNet-Net-Net Lease Landlord Responsibility Capital ImprovementsCommon Area MaintenanceExterior MaintenanceGrounds MaintenanceMechanicalsParkingProperty ManagementReal Estate Taxes Location SuburbanOther Possession Availability Asap Present Use Same Sewage System Public Sewer Connected Sign Yn No Tenant Responability All UtilitiesCable TvCommon Area MaintenanceCredit CheckElectricityHeatHot WaterInsuranceLiability InsuranceMaintenance/RepairsSewerSnow RemovalWater Utilities Available ElectricGas AvailableTelephonePhone AvailableCable Water Source Public Water Connected Zoning Bus

    Listing information © 2020 Smart MLS
    Listing provided courtesy of Charlie Vlahos of Blanket Real Estate.


    © 2020 Smart MLS. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Feola & Lanzante | Keller Williams Trumbull. Data last updated: 2020-04-07T10:10:07.877.
     
    Team Feola & Lanzante | Keller Williams Trumbull
    126 Monroe Turnpike
    Trumbull CT, 06611