$Seller Financing Available
| Asking Price |
$225,000 | Inventory |
|
|---|---|---|---|
| Gross Income |
$750,000 | Real Estate |
350000** |
| Cash Flow |
$109,000 | Year Established | 2004 |
| FF&E |
$150,000* | Employees | 20 |
* included in the asking price
** not included in the asking price
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: 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 ($350k) along with business.
Competition: Market: This restaurant 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/Expansion: 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!
Seller Financing Available: Yes
Financing: Yes - Seller is willing to listen to offers that involve owner financing.
Support/Training: Training: Yes - seller will provide two weeks of hands on training and 30 days of phone support.
Reason Selling: After 5 years Seller has built a great business Now wants to do

Richard Fay
212-810-0884
Prime Restaurant Partners
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