Family Restaurant / Full Liquor License / Property
Location:
United States
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Connecticut
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Windham County
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)
Business Summary
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. Now take into account that the asking price is barely more than 2x cash flow - this is a great opportunity! 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.
Financials
Asking Price Range: < $250K
Gross Revenues:
$750,000
Cash Flow:
$109,000
Cash Flow Type: Sellers Discretionary Cash
Seller Financing: Yes
About The Business
Year Established: 2004
Number of Employees: 10 - 19
Relocatable: No
Franchise: No
Current Real Estate: Owned
Property: Property For Sale
About The Sale
Management Training and Support: Training: Yes - seller will provide two weeks of hands on training and 30 days of phone support.
Reason For Selling: Seller has worked hard the last 5 years - looking to go in different direction.
Click on the "I'm Interested" button above for more information on this Food and Beverage > Restaurants and Fast Food (Non-Franchise) business for sale.
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Print Listing Id: 700113472
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