Once in a lifetime Restaurant with property - 26741

Hartford County, CT

Once in a lifetime Restaurant with property  - 26741
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Asking Price: Get Financing: $1,250,000

Cash Flow: $393,822

Gross Revenue: $1,089,892


FF&E: $250,000

Inventory: $20,000*

Established: 1974

*not included in asking price.

Once in a lifetime Restaurant with property - 26741

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Business Description

Legendary Restaurant with impeccable reputation for many decades. Enviable track record in food, service, cleanliness and customer compliments for any and all occasions: Reunions, showers, wedding receptions, engagement parties, post funeral receptions, bigger corporate and social events, catering etc. Unbelievable combination of continuous success in business with humble attitude and personal touch that attract customers like magnet. After years of success, owner is selective in what business will be taken and scaling back catering. Also, currently not opening public lounge and not entertaining highly profitable holiday business. New management can open the business for new years, Easter, Thanksgiving, Mother's day, etc. and can make mint. The business figures disclosed are the real numbers. These numbers would be MUCH MUCH higher if owner would welcome all the business that comes to their way. For example, owner after many years took business for ONE Saturday before recent Easter which resulted in $19,000 in business just from events. New owner can entertain all the business instead of pick and choose and can make a fortune. Excellent central location where business comes naturally to this highly acclaimed place. Property is available for sale by the owner and is included in the total price. Other income includes owners personal Life Insurance, auto insurance and retirement funds that have been paid by this lucrative business. Due to the excellent track record and business being too good to the current owner, we will appreciate serious inquiries with proof of funds.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Attached Documents

Detailed Information

Not included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
1,250,000.00 Down
Support & Training:
The seller will train the new owner.
Reason for Selling:
Seller is moving on.
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Vested Business Brokers, Ltd

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