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Large banquet Hall and Picnic Ground in Connecticut

Connecticut

Retail - Other Eating & Drinking Places

$Seller Financing Available

Asking Price $1,950,000 Inventory $7,280* 
Gross Income $307,818 Real Estate $1,750,000* 
Cash Flow -$40,331 Year Established 1929
FF&E $92,340* Employees 3ft,15pt

* included in the asking price

** not included in the asking price

Great location. Great opportunity. Underutilized facility.

Long-standing banquet hall in rustic setting. Very clean, well-run establishment. Corporate parties, picnics, weddings, etc. 16,000 sq. ft. on 4 acres. Two great ktchens/two bars. Price includes land, buildings, all equipment and furnishings. Tremendous opportunity for new owners to offer off-site catering, which is a service the current owners do not provide.

Facilities: 16,000 sq. ft. facility on 4 acres. 2 kitchens and 2 bars. Ample parking. Furnishings, equipment and facility all in very good condition.

Competition: Very well established. Providing banquet hall services in current location for over 80 years.

Growth/Expansion: Glaring opportunity to add off-site catering services.

Seller Financing Available: Yes

Support/Training: Owner(s) will stay through transition period and provide training. 8-16 weeks most likely, longer if desired.

Reason Selling: Desire to relocate and retire.

Business For Sale By

Ahmad Behjati

203-731-2400

VR Mergers & Acquisitions

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