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CT River Waterfront Restaurant

Ct River, Connecticut (Middlesex County)

Retail - Restaurants | Retail - Other Eating & Drinking Places

Asking Price $499,000 Inventory $2,000** 
Gross Income $1,700,000 Real Estate  
Cash Flow $200,000 Year Established 1982
FF&E $100,000* Employees 25

* included in the asking price

** not included in the asking price

Long running, profitable restaurant located directly on the CT River with boat docking!! This business consistently grosses over 2 million/year and has reached as high as 4 million in the past. The establishment has a huge outdoor patio with a full service bar. The summer months provide outdoor entertainment weekly. The establishment consists of three levels with kitchens on the first two. All with great views of the river. Opportunities like this dont come along that often!!!

Facilities: Three levels including rooms for private parties. Parking for more than 100. All equipment is in good working condition. Lease is only $14/square foot and may be negotiable with 25 years left.

Competition: This establishment is one of a handful restaurants located directly on the CT River. It has boat docking available. Prime location just off the highway!!!

Growth/Expansion: Some updating to the second and third levels could significantly increase banquets and private parties.

Financing: Can be negotiated from no money down!!!!!!!!

Support/Training: Owner will stay on for up to 30 days to train.

Reason Selling: Has owned 25 years/Other business interests

Business For Sale By

Frank C. LaRosa

8606814946

Alliant Restaurant Brokers

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