Historic 19th C. Mill Restaurant

Chester, CT (Middlesex County)

Restaurant on the River
Contact Seller

Asking Price: $1,200,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: N/A

Established: N/A

Historic 19th C. Mill Restaurant

Save Print Share Valuation Report

Business Description

An iconic and historic restaurant venue with multiple dining areas on 3.90 acres. Motivated Sellers who wish to retire have priced the property and business well below its appraised value.

Attached Documents


Detailed Information

Location:
Chester, CT
Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
7,400
Facilities:
A legendary and unique restaurant in CT in continuous operation since the 1980's when this former brush mill dating back to the early 1800's was converted to a 7400sf restaurant on two levels with views of the Pattaconk brook and waterfall. A destination from near and far, the sight and sound of the waterfall capture one's attention when passing over the bridge to the entrance of the restaurant on the lower level which is accessed by a covered footbridge. The rustic 40-seat bar and seating around a stone stacked wood burning fireplace add to the dining experience in this remarkable setting. With chestnut beams throughout and much of the mill components suspended from the ceilings, it is easy to imagine the mill in its earliest days. Much of the original photos and memorabilia remain as testament to the mill's early production of brushes from 1859-1965. On the second level there are 80 seats in the main dining room, two event rooms seating 60 and 40 guests respectively and a small private dining room for 12 guests. Two patios overlook the brook and waterfall seating 18 and 16 guests. All FF& E included. Parking for 90 cars. On site sewage treatment.
Competition:
Located in a town that is a destination known for its charming and eclectic downtown area and trendy shops, art galleries and restaurants.
Growth & Expansion:
Currently owners are doing dinner only, however, many special event and wine dinners, wedding receptions and seasonal parties are booked throughout the year. Expanding and including lunch would increase cash flow. In all seasons, the ambience and the classic American cuisine attracts diners from near and far.
Support & Training:
This restaurant is best operated by an experienced owner because of the multiple dining areas and event spaces. Income, cash flow, to be shared with qualified buyer.
Reason for Selling:
Owners retiring after 60 years in the restaurant business and moving to Europe
Contact Seller

Contact the Seller

Contact Seller Loading

Penny Parker

Business Listed By:
Penny Parker

Lyman Real Estate

Show Phone Number

View My Listings


Sponsoring Broker:
Ron Lyman

Listing Statistics

Unlock

Demographic Information

Unlock


Ad#:1379795 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.


Similar Listings


Teriyaki Madness

Franchise Opportunity
Cash Required: 200000