This is a 95-seat restaurant with a bar (14 stools) surrounded by 22 high-top table seats. There are also 40 seats for outside dining. Sales volume for the last 3 years was between $2. 6 million and $3. 0 million per year (averaged 2, 831, 000). Adjusted Owner’s Cash Flow was between $750, 000 and $835, 000 per year (averaged 791, 000). The restaurant is located in the northeast part of CT in an “old money” high-income town. It has great demographics for a restaurant. Return the Confidentiality Agreement & Questionnaire & I’ll send you, if qualified, detailed info about this fantastic business…so fill out the forms or request that you would like more information and I’ll e-Mail the forms to you. Will forward more info as more info becomes available No Vehicles are included. Some wine not included. Lease info and some other info is from Seller. Tax Return profit converted to Sellers Discretionary Earnings (SDE)
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NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,400,000 | $1,400,000 | $1,400,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.875% | 6.625% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.335% | 6.738% | 6.559% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,282 | $8,964 | $12,100 |
Total Monthly Payment | $8,407 | $9,089 | $12,225 |
* 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.