Established Profitable Restaurant and Banquet Facility

Hartford County, CT

Established Profitable Restaurant and Banquet Facility

Asking Price:$145,000

Cash Flow:$110,717

Gross Revenue:$1,256,603

EBITDA:N/A

FF&E:$250,000

Inventory:$12,000*

Real Estate:N/A

Established:1980

*not included in asking price.

Established Profitable Restaurant and Banquet Facility

Get Financing Save Print Share Valuation Report

Business Description

Retiring Owner is offering a very well equipped ( 2 Kitchens) Restaurant and Banquet facility for less than the Asset Value Price of $145,000. This is a perfect situation for a current Restaurant owner to expand their concept into another very prime location. The present Owner is doing over 1 million sales and the location warrants sales of at least 1.5m to 2 million. 3acres of land and 2 buildings are presently available via an option. Long term Lease is Available.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Owned
Building SF:
8,478
Employees:
35
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
8478 sq ft restaurant and Banquet Facility with a 5000 sq ft basement and a 724 sq ft additional leased out building located on 3.0 acres of land. 350 Seats + 32 patio seats. Seperate Banquet rooms for 50 to 200 people.
Competition:
This is the only 8000 sq ft Restaurant and Banquet facility in the area. Land is in a prime busy road in the affluent Farmington Valley.
Growth & Expansion:
This is a $2 million + situation for a new experienced owner with increased use of social media and other advertising.
Financing:
Some Possible
Support & Training:
Seller will provide Training and consulting for 30 days. !5 days on premises and 15 days by cell phone, all at Sellers expense.if required
Reason for Selling:
Seller retiring after 30 successful years.

Listing Statistics for Premium Members

Ad#:1303336 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.

Contact the Seller

(from currently available funds)
 
Sign up for the BuyerNewsletter.
Learn to use your IRA/401K to buy a business: Guidant Financial (min. $50K needed in IRA/401K)
Contact Seller Loading

John A. Russo Jr.

Business Listed By:
John A. Russo Jr.

Just Restaurants

Show Phone Number

View My Listings

Find out more...

Get more details about this business.


Similar Listings


California Tortilla

Franchise Opportunity In CT
Capital Required: $395,700