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1 Withheld St, Danbury, 06810

Commercial/Investment For Sale

$74,900

Beds
Baths
1,588Sqft
Built
12DOM
MLS® #: 170251140
Active, 12 Days on Market

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 doesn’t 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.

Essential Information

MLS® #: 170251140
Price: $74,900
Bathrooms: 0.00
Square Footage: 1,588
Acres: 0.00
Type: Commercial/Investment
Status: Active

Community Information

Address: 1 Withheld St
Area: N/A
City: Danbury
County: Fairfield
State: CT
Zip Code: 06810

Amenities

Utilities: Electric, Gas Available, Telephone, Phone Available, Cable
Parking: Paved, Parking Lot
Garages: Paved, Parking Lot

Interior

Heating: Hot Air, Electric
Cooling: Central Air, Wall Unit
# of Stories: 1

Additional Information

Date Listed: November 8th, 2019
Days on Market: 12
Zoning: Bus

Listing Details

Listing Office: Blanket Real Estate

Financials

$/SqFt: $47

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Listing data is deemed reliable but is not guaranteed accurate by the MLS.