Family Restaurant / Full Liquor License / Property
Location Connecticut,United States
Asking Price Range $250K - $500K
Gross Revenues $750000
Net Profit / Cash Flow $109000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2004
Number of Employees 10 - 19
Relocatable No
Number of Employees 10 - 19
Real Estate Owned
Training Training: Yes - seller will provide two weeks of hands on training and 30 days of phone support.
Reason for Sale Seller has worked hard the last 5 years - looking to go in different direction.
Description Full Description: A great opportunity to own two businesses that complement each other well. The main business is a 150 seat family restaurant with a fantastic reputation for great food (BBQ, seafood, burgers, etc). The location can't be beat (waterfront) and the complementing business provides great family entertainment. The profits from this complementing business practically pays the yearly rent for the entire property. The land / building can be leased or purchased - your choice (asking price ($350k) does not include land / building).
Facilities: Fantastic location in north east Connecticut. Property enjoys a beautiful location on a river. Plenty of seating inside and on the outside deck. This free standing restaurant has a complementing business on site that provides great entertainment for families.
Lease: This property is owned by the Seller. Seller will draft a lease with favorable lease terms for the new owner. Seller is also open to selling the property along with business - asking price $350k.
Market: This restaurant for sale enjoys ''the only game in town'' status because of its unique business model. Great menu with the complementing business makes this a destination location for families in the area.
Growth: The property enjoys a full liquor license yet is not presently taking advantage of it. New owner would be wise to leverage this scenic location and the existing liquor license and make a bar area which would be a huge draw and possibly double sales!
Financing: Seller is willing to listen to all offers - even those that involve owner financing.
Click Here To Contact Seller
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