Business for sale at www.bizbrokersfl.com: Restaurants|Banquet Hall/Caterer

PROFILE NBBMLS100105703

Location:	Fairfield County Connecticut	Restaurants\|Banquet Hall/Caterer
Sales Price:	$6,500,000	Down Payment: $6,500,000

Executive Summary

Established over 75 years ago, this landmark restaurant has served an affluent community in one of Connecticut's premiere communities. The restaurant caters to diners, meetings, weddings, & parties. The property (3.5 Acres); restaurant & building (over 7,000 SF); dwelling (1920 SF) is owned by the company with an appraised value of approx. $2,600,000. All property & buildings included in sale. Immediate opportunity to expand wedding/party business with pent up demand for the facility. Easy access location with trade area exceeding 25 miles. Co Listed with : Vidal Wettenstein, LLC

Business Synopsis
Business Format:	S Corp	Facilities:	Wood Frame
Established in:	1935	Square Footage:	7,100
Years Owned:	27	Lease Expires:	12/31/2011
Employees:	15 FT, 9 PT , 2 Mgrs	Monthly Rental Expense:	$8,100
Reason for Sale:	Retirement
Skills Required	Restaurant Management
Training Provided:	20 weeks

Asset Information (estimated fair market value)
Inventory:	$58,390	Included
Leasehold Improvements:	$56,398	Included
Furniture, Fixtures & Equipment:	$129,030	Included
Real Estate:	$2,600,000	Included
Total Assets Included in Sale:	$2,843,818

Operating History

2009

2008

2007

	Financial Source	P/L Statement	P/L Statement	P/L Statement
	Gross Sales	$2,089,030	$2,462,166	$2,675,449
	Gross Profit	$1,350,938	$1,483,826	$1,521,387
	Discretionary Earnings *	$779,300	$820,577	$823,091
* Recasting provides an economic view of the Business, allowing meaningful comparison with other investment opportunities.

DISCLAIMER: All information contained in this document has been provided by the subject company or its shareholder(s), and while believed to be correct, has not been verified. Accordingly, we make no representations or warranties as to the accuracy or truthfulness of such information. The recipient hereof acknowledges that we shall not be liable for any loss or injury suffered by said recipient in any way connected to the delivery by us of this information.

COLLINS & COLLINS INVESTMENTS
801 BRICKELL AVENUE
MIAMI, FL 33131-2945