5-Star Restaurant and Catering Hall Venue – Nearly 30 Years in Bus

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Asking Price:
$2,150,000

Gross Revenue:
$3,100,000
Cash Flow:
 Not Disclosed
EBITDA:
$955,000
Inventory:
$30,000
not included in asking price

FF&E:
$335,500
included in asking price

Real Estate:
$2,450,000
not included in asking price

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Business Description

Busy, well-established restaurant and venue for sale in Connecticut. Over two acres of property with three large areas for functions, each with its own bar. Beautiful outdoor grounds, perfect for photo opportunities, with ample parking space. Perfect 5-star rating on various review websites.

Both business and real estate for sale and priced below appraised value.

$2.3MM business + $2.45MM real estate = $4.75MM

About the Business

Year Established:
1992
Number of Employees:
75
Real Estate:
Owned
Building Sq. Ft.:
10,000
Facilities:
10,000 building size located on 2 acres of property. Large parking facility.
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About the Sale

Reason For Selling:
Retiring
Training/Support:
Will provide

Listing Info

ID:
1587031
Ad Detail Views:
0

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Business Listed by

Carol Shin

Inbar Group Inc - Business Brokers

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Sponsoring Broker:

Jay M. Inbar,Certified Mergers &Acquisition Pro
Inbar Group Inc - Business Brokers

U.S. Census Data for Connecticut
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Source: Decennial Census (2010), United States Census Bureau.

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Source: American Community Survey (2010-2014), United States Census Bureau.

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