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




Real Estate:N/A


*not included in asking price.

Established Profitable Restaurant and Banquet Facility

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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

Not included in asking price
Real Estate:
Building SF:
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
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.
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.
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.

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John A. Russo Jr.

Business Listed By:
John A. Russo Jr.

Just Restaurants

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