Under Contract
Under Contract
Casual Restaurant with Full Service Liquor License
$790,000
Hartford County, CT
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Gross Revenue
$2,131,304
Owner's Cash Flow
$407,254
Min Down Payment
$79,000
Employees
5 FT, 22 PT
Business Summary
*Business is SBA Pre-Approved* Since its establishment in early 2021, the business has rapidly gained popularity among locals, providing a diverse menu of food and alcohol. Over the past two years, the business has experienced organic growth, now employing a dedicated team of 27 individuals. Their menu caters to a variety of tastes, making it a favorite choice for many. Approximately one third of sales are alcohol.
Key Highlights
Year established
2021
Real estate
Leased
Reason for selling
The owner is looking to relocate.
Support and training
The owner is willing to stay on for extended period to help with the transition.
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Consolidated Cashflow
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Gross Revenue | $2,273 | $8,511 | $3,887 |
| COGS | $361 | $1,050 | $7,326 |
| Gross Income | $1,912 | $7,461 | ($3,439) |
| Operating Expenses | $7,676 | $710 | $1,638 |
| Operating Incomes | ($5,764) | $6,751 | ($5,077) |
| Net Other Income (Expenses) | ($734) | ($5,376) | ($9,053) |
| Net Income | ($6,498) | $1,375 | ($14,130) |
| Interest | $6,574 | $4,539 | $5,166 |
| Depreciation | $3,386 | $6,059 | $95 |
| Amortization | $5,973 | $7,315 | $7,360 |
| EBITDA | $9,435 | $19,288 | ($1,509) |
| Add-backs | $48,174 | $48,909 | $68,172 |
| Owner's Cash Flow | $57,609 | $68,197 | $66,663 |
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Projected Free Cash Flow
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