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Scenic Italian Restaurant Near Corporate Row

Hartford County, CT

Scenic Italian Restaurant Near Corporate Row

Asking Price:$499,000

Cash Flow:$200,000

Gross Revenue:$1,700,000

EBITDA:N/A

FF&E:$1,000,000

Inventory:N/A

Lease Rate:$21 /SF/Year

Established:2002

Scenic Italian Restaurant Near Corporate Row

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Business Description

This well established restaurant/bar /banquet facility has been getting great reviews since it opened several years ago with a million dollar build out. Warm & cozy atmosphere in all areas. Great location in the middle of a corporate and residential community with 50,000 people and workers nearby. Specializing in Italian & American cuisine that focuses on Steaks, Seafood. Pasta, Pizza and a great Raw Bar. Great electric indoor bar and outside patio's that overlook the pond attract great happy hour crowds. With 40 % of the business being private functions large and small, good profit margins add to the bottom line. Great opportunity for a Chef or Restaurant manager or a family. For more info please FILL OUT A NON DISCLOSURE AGREEMENT ON LINE BY GOING TO www.abc4restaurants.com

Detailed Information

Real Estate:
Leased
Building SF:
7,500
Lease Expiration:
N/A
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Gorgeous multi dimensional facility that sits on a beautiful pond. Although a large facility this was carefully designed so all the rooms have an intimate feel. Dining room with panoramic view of the pond seats100. Bar area 60. Private banquet area seats 100. Separate take out (grab and go) area seats 30. Two large outdoor patios with separate bar and cooking area. 180 parking places. Lease can be renewed for any term.
Competition:
Not many restaurants in this area
Growth & Expansion:
A hands on operator could expand the catering and do more hands on marketing.
Support & Training:
Full Staff will stay as owner is absentee. Owner will stay as long as needed.
Reason for Selling:
As a multiple unit operator he needs to attend to his other restaurants

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Joe Granato

Business Listed By:
Joe Granato

ABC4Restaurants /ABC4Commercial (Investment Properties)

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