364 School St Road Putnam, CT 06260
Other
MLS #: 24060017
Courtesy Of Northeast Realty
Property InformationDescription
Turnkey restaurant; real estate, fixtures/equipment & inventory for sale. For 25 years this has been a mixed use commercial & residential property; a successful pizza shop with an apartment upstairs. Start up & take over a turnkey going concern that pays the bills while working from home, or rent both units as an investor, or possibly change use. Plenty of parking & drive under garage door for loading. 400 Amp service. Present business model is mostly take-out, word of mouth with zero expense on advertising, wait staff or delivery staff. Year over year revenue has kept up; 8-10% increase each year over the prior year. Same owner in business 30 years, 25 at this location. Lease with option or closing at a future date also possible, but the deposit would have to be large enough to cover the approx. $100K worth of equipment, since unlike real estate, equipment can "disappear". Less cash down is needed for a lender financed purchase. Located on RT 44 near Walmart, 6/10 mile from I-395 exit 47, 25 minutes from 1 College St Worcester, 47 minutes to Providence.
Features
- Age: Over 50 Years Old
- Amenities: Dock
- Architecture Style: Other
- Cooling System: Window Unit(s) A/C
- Heating System: Baseboard
- MLSID: 24060017
- Parking Spaces: 14
- Roof Type: Asphalt
- Roof Type: Shingle
MAP & DIRECTIONS
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