Central Hotel Bar And Restaurant
Location Connecticut,United States
Asking Price Range $500K - $1.0M
Gross Revenues $194574
Net Profit / Cash Flow $145359
Cash Flow Type EBITDA
Seller Finance No
Year Established 1978
Number of Employees 1 - 3
Relocatable No
Number of Employees 1 - 3
Real Estate Owned
Description The historic landmark Central Hotel is located in Central Village, Plainfield, in Windham County, Connecticut which is part of the Willimantic metro area. The hotel has 12 rooms and two floors, including an office, bar, restaurant with an oversized kitchen, and a karaoke nightclub with a dance floor, all yielding high returns. With a front parking lot, it is conveniently located near Foxwoods Resort, MGM Grand & Mohegan Sun Casinos and Historic Mystic, CT, in the heart of the Northeast Antiques Capital. It is halfway between Boston and New York and 30 minutes to Providence, RI. Connecticut Route 12 and Connecticut Turnpike (I-395) both run North and South through the Town of Plainfield. CT-12 bisects Central Village, and is the village's major thoroughfare. Central Village is serviced by Exit 89 off of I-395. There is ample room for expansion. There are also surrounding commercially zoned properties that are optionally available for purchase, consisting of a rear parking lot zoned as a building lot, and two income-producing properties: a 2-unit duplex of 1 bedroom apartments with garages immediately adjacent to the hotel and a single family 3 bedroom/2 bath house next to the duplex. Further information and photos may be found at ArundelCastle.com. Detailed terms and financials for the hotel as well as for the additional properties will be provided upon request. Email or contact Bill Fain, William Raveis Real Estate, at 860-514-4440 for more information on this Hotel Bar And Restaurant for sale.
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