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Take advantage of this excellent opportunity to own a well-established and profitable Italian pizza restaurant in a high-demand area! The restaurant is located near Route 123 and Route 138 in the Five Corners, which includes Shaw's, Citizens Bank, and Planet Fitness, with plenty of parking available. This fully operational business, located in Easton, is currently averaging $10, 500 in sales per week. With increased advertising and the potential to open on the 7th day, sales are expected to rise significantly. The owner is selling to focus on another location and to free up capital. The sale price is $185, 000, with the price negotiable for serious cash buyers. The business operates 6 days a week (closed on Mondays): Tuesday to Thursday (11 AM - 9 PM), Friday to Saturday (11 AM - 9 PM), and Sunday (12 PM - 8 PM). The restaurant has seating for 20 people but primarily focuses on pickup orders, with 85% of sales coming from pickups.
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$185,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $148,000 | $148,000 | $148,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.995% | 7.050% | 6.112% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $923 | $972 | $1,239 |
Total Monthly Payment | $998 | $1,047 | $1,314 |
* 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.