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Businesses For Sale   >>   Other Bars and Nightclubs Businesses For Sale

Banquet / B & B / Restaurant 9 Acre Compound Real Estate

Location  Connecticut,United States
Asking Price Range  $5.0M - $10.0M
Gross Revenues  $2200000
Net Profit / Cash Flow  $500000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  1983
Number of Employees  35 - 49
Inventory  5000
Relocatable  Not Disclosed
Number of Employees  35 - 49
Real Estate  Owned
Training  Long term transition support.
Reason for Sale  Retirement.

Description  
Huge capacity banquet facility, restaurant, inn hybrid compound on almost 9 acres is the perfect as-is takeover target or potential redevelopment opportunity to convert to an assisted living or full scale self contained conference center venue. Seller is currently doing in excess of $2MM top line revenue on 2-3 days per week (Fridays, Saturdays, Sundays) primarily from April to October. Day 1 the Buyer is walking into 15+ bookings for 2015. 16 room potential B&B is fully built out but not utilized my the current owner, it's primarily a sales differentiator to the bride and groom as a sweetener for weddings. 2 massive kitchens, wine cellar, also includes a 4BR/4BA 5,000 SqFt owners quarters so you can live and manage on-site. NDA is required for further details and to schedule an appointment to visit the location through Ace Business Brokers. Inventory: Included in asking price Real Estate: Included in asking price Furniture, Fixtures, & Equipment (FF&E): Included in asking price Facilities: Almost 9 acre compound, has 16 potential capacity inn, 53,000 square foot banquet, reception mixed use facility with 2 full kitchens and wine cellar. 5,000 sqft owner's quarters 4BR/4BA. Competition: None, nothing matches this facility. Growth & Expansion: Only does functions Friday and Saturday. Financing: $2MM Cash Down, 30 Year Seller Note at 5.0%!


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