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Great Tavern Near Major University

Tolland County, CT

Great Tavern Near Major University

Asking Price:$275,000

Cash Flow:$111,000

Gross Revenue:$650,000

EBITDA:N/A

FF&E:$250,000

Inventory:N/A

Lease Rate:$17 /SF/Month

Established:2005

Great Tavern Near Major University

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Business Description

Only Game In Town

Great opportunity for a bar manager or chef to take an already profitable business and bring it to the next level! This bar and grill once had greater sales but owner is tired and wants to move south. A new pub menu and promotion nights could easily increase sales. Located in a busy strip center one minute from I-84 and minutes from the University of Connecticut campus! A covered outdoor banquet or concert area can be a great source for additional income.Presently a cafe license in place.For further info please fill out a NON DISCLOSURE AGREEMENT ON LINE BY GOING TO www.abc4restaurants.com.

Detailed Information

Real Estate:
Leased
Building SF:
4,000
Lease Expiration:
N/A
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This 4000 sf tavern is in great condition with recently replaced kitchen equipment and hvac units, 15 TV's, 16 camera security system and burglar alarm.3 Micros computers and printers. Large 25 seat u shaped bar. Booths for dining and 3 pool tables, Additional income from pool tables,golf machine, boxing game, basketball game. Outdoor patio and outdoor covered area for banquets and special entertainment events! Rent is $6200 nnn per mo. Huge parking lot.
Competition:
This is the only bar in the area that offers a pub like venue!
Growth & Expansion:
Increase food sales with marketing and social media. Promote catering and outdoor venue. Liquor sales presently dominates 70/30 percent.
Support & Training:
Owner will stay on 2 weeks
Reason for Selling:
Moving out of state

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Joe Granato

Business Listed By:
Joe Granato

ABC4Restaurants /ABC4Commercial (Investment Properties)

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