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Turnkey, well-established restaurant business opportunity located in Old Wethersfield. A quaint village setting that draws both a strong local customer base & destination traffic. Business sale only, with monthly NNN lease of $5, 000. Real estate not included. The operation occupies approximately 825 SQFT on main level, efficiently configured to support streamlined front and back-of-house workflow. A separate upper-level area, estimated at roughly half the main-level footprint, is utilized for prep-work, bread production and storage, providing valuable additional operational capacity without impacting customer-facing space. The business is known for authentic, from-scratch Italian cooking, with an established menu featuring Italian deli sandwiches served on house-made bread, baked fresh daily, along with pizza, classic Italian comfort foods, daily specials, prepared meals to go, supporting both dine-in and takeout demand. The space was extensively renovated in 2018, resulting in a clean, modernized build-out and updated infrastructure. Restaurant is fully equipped. All major equipment owned outright & included in the sale. Equipment highlights include a Marsal double-deck pizza oven, Empura three-door commercial refrigerator/freezer, gas range, flat-top grill, deep fryer, extensive stainless-steel prep surfaces, commercial sinks, shelving & dedicated prep and storage areas. Well suited for an owner-operator or experienced restaurateur seeking an established operation.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 860.990.4029
Jennifer.Carreto@raveis.com
NMLS Mortgage Loan Originator ID 829975
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $199,920 | $199,920 | $199,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 5.990% | 5.250% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.161% | 6.120% | 5.541% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,119 | $1,197 | $1,607 |
| Total Monthly Payment | $1,194 | $1,272 | $1,682 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.