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East Of The River Italian Restaurant/Pizzeria & Banquets

Hartford County, CT
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Asking Price:$329,000
Gross Revenue:$980,000
FF&E:$450,000
Cash Flow:$150,000
Rent:$6,500/Month
Established Year:1975
Listing ID: 2302969Listing provided by BizBuySell
BUSINESS DESCRIPTION

Don't miss this opportunity to purchase this well known family restaurant and bring in to the the next level. This local favorite has supported multiple families for many generations. The present owner is the last one standing and wishes to pass the torch to a new operator or operators! Freestanding Building on a very busy highway.

THIS IS A FERFECT OPPORTUNITY FOR A FAMILY OR 2 FAMILIES TO TAKE AN ALREADY SUCCESSFUL MULTI GENERATION FAMILY BUSINESS AND BRING IT TO THE NEXT LEVEL!

FOR MORE INFORMATION PLEASE FILL OUT AN NDA ON LINE BY GOING TO abc4restaurants.com

DETAILED INFORMATION
Location
Hartford County, CT
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
6,000
Lease Expiration
01/01/2035
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Fully equipped large kitchen with a type 1 hood and ample prep area. A separate spacious pizza area houses double stack pizza ovens and a sandwich prep station. This area is visible to the public and serves as the pickup area for the popular take out business. The family friendly dining area has many booths for more intimate diners as well as a cozy bar area with some table dining and a 10 seat bar. Their popular banquet room caters to parties of all types up to 100 people for seated banquets There is some outside dining and ample parking.
Competition
Not a lot in the immediate area as this restaurant has been a generational favorite.
Growth & Expansion
There is a tremendous opportunity for growth for a new operator by bringing this establishment into the modern era by adding online ordering, email and text marketing along with a larger social media presence. Also a more aggressive marketing program for an already profitable banquet and catering business. INCREASING HOURS TO 7 DAYS especially BY OPENING SUNDAYS FOR A POSSIBLE SUNDAY BRUNCH NOT TO MENTION SUNDAY BANQUETS FOR BRIDAL SHOWERS & ANNIVERSARYS AS WELL AS POST FUNERAL GET TOGETHERS.
Support & Training
Owner will stay on for a smooth transition. Most of the experienced staff would stay on if the new owner so desired
Reason for Selling
Retirement and other business interests
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Joe
Granato
ABC4Restaurants /ABC4Commercial (Investment Properties)
Phone Number
Joe Granato
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