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Incredible Dining & Entertainment Venue

Middlesex County, CT
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Asking Price:$525,000
Rent:$6,900/Month
Gross Revenue:$1,200,000
FF&E:$250,000
Listing ID: 2314824Listing provided by BizBuySell
BUSINESS DESCRIPTION

Great College Town

This is an incredible opportunity for a seasoned operator to take over an amazing restaurant and entertainment venue and bring it to the next level. Located in a vibrant restaurant city in central Connecticut. Whether your dining in their tavern style restaurant or on their 4000 sq ft Island Style patio with a 30 seat Tiki Bar, you will have a ball at this action packed Bar and Grill. Their upstairs party room also is a favorite for parties and events of all types!

The Nightlife here is the "Star of the Show"! From live music to DJ's to Trivia Nights there is always a late night party at this vibrant watering hole. Located near a major university that supports this "Cheers Type" bar and grill where "Everyone Knows Your Name"!

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DETAILED INFORMATION
Location
Middlesex County, CT
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
10,000
Lease Expiration
01/01/2035
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
This spacious facility has an indoor tavern that seats 80 in the restaurant and 18 at the in door bar. A fully equipped kitchen with two 12 ft type 1 hoods and a type 2 hood for pizza ovens. An upstairs party and entertainment room for 150 people and a service bar. A 4000 sf patio that holds hundreds of people and a 20 seat Tiki bar. A full basement accompanies this popular restaurant and entertainment venue.
Competition
Many restaurants in this popular city but none with the size to do large numbers on the patio that this favorite has!
Growth & Expansion
Increase the hours by being open 7 days, Presently open only 5 days, This restaurants also closes 2 months in the winter.
Financing
Seller will do some seller financing
Support & Training
Owner will stay on for 2 weeks for transition period.
Reason for Selling
Retirement
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Joe
Granato
ABC4Restaurants /ABC4Commercial (Investment Properties)
Phone Number
Joe Granato
Call Phone