Established Profitable Restaurant and Banquet Facility

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Business Description

Retiring Owner is offering a very well equipped ( 2 Kitchens) Restaurant and Banquet facility for less than the Asset Value Price of $145,000. This is a perfect situation for a current Restaurant owner to expand their concept into another very prime location. The present Owner is doing over 1 million sales and the location warrants sales of at least 1.5m to 2 million. 3acres of land and 2 buildings are presently available via an option. Long term Lease is Available.

About the Business

Year Established:
Number of Employees:
Real Estate:
Building Sq. Ft.:
8478 sq ft restaurant and Banquet Facility with a 5000 sq ft basement and a 724 sq ft additional leased out building located on 3.0 acres of land. 350 Seats + 32 patio seats. Seperate Banquet rooms for 50 to 200 people.
Market Outlook/
This is the only 8000 sq ft Restaurant and Banquet facility in the area. Land is in a prime busy road in the affluent Farmington Valley.
Growth & Expansion:
This is a $2 million + situation for a new experienced owner with increased use of social media and other advertising.
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About the Sale

Reason For Selling:
Seller retiring after 30 successful years.
Seller will provide Training and consulting for 30 days. !5 days on premises and 15 days by cell phone, all at Sellers expense.if required
Seller Financing:
Some Possible

Listing Info

Ad Detail Views:
Asking Price:

Gross Revenue:
Cash Flow:
(Seller's Discretionary Earnings)

 Not Disclosed
not included in asking price

included in asking price

Real Estate:
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Business Listed by

John A. Russo Jr.

Just Restaurants

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U.S. Community Survey Data for Hartford County, CT


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

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