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Family Restaurant / Full Liquor License / Property Available
| Asking Price: | $225,000 | Inventory: | |
| Gross Revenue: | $750,000 | Real Estate: | n/a |
| Cash Flow: | $109,000 | FF&E: | $150,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
Full Description: A great opportunity to own two businesses that complement each other well. The main business is a 150 seat family restaurant with a fantastic reputation for great food (BBQ, seafood, burgers, etc). The location can't be beat (waterfront) and the complementing business provides great family entertainment. The profits from this complementing business practically pays the yearly rent for the entire property. Now take into account that the asking price is barely more than 2x cash flow - this is a great opportunity! The land / building can be leased or purchased ($350k asking price for property).
About the Business
Year Established:2004
Employees:7 full time - 5 part time
Facilities:Facilities: Fantastic location in north east Connecticut. Property enjoys a beautiful location on a river. Plenty of seating inside and on the outside deck. This free standing restaurant has a complementing business on site that provides great entertainment for families. Lease: This property is owned by the Seller. Seller will draft a lease with favorable lease terms for the new owner. Seller is also open to selling the property along with business.
Market Outlook and Competition:Market: This restaurant enjoys "the only game in town" status because of its unique business model. Great menu with the complementing business makes this a destination location for families in the area. Growth: The property enjoys a full liquor license yet is not presently taking advantage of it. New owner would be wise to leverage this scenic location and the existing liquor license and make a bar area which would be a huge draw and possibly double sales!
About the Sale
Management Training and Support:Training: Yes - seller will provide two weeks of hands on training and 30 days of phone support.
Reason For Selling:Reason: Seller has worked hard over the last 5 years to build this business up. Now he wants to direct his efforts in another direction.
Seller Financing:Financing: Seller is willing to listen to all offers - even those that involve owner financing.
Attached Files - Attachment Disclaimer
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State: Connecticut
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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