Near W Hartford Banquet Facility & Tavern With Real Estate

Hartford County, CT

Seller Financing Available

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Asking Price:$2,999,000
FF&E:$335,000
Gross Revenue:$3,100,000
Real Estate:$2,900,000
BUSINESS DESCRIPTION

Attention all seasoned restaurant operators. Don't miss this opportunity to take over a one of a kind restaurant and banquet opportunity. Nestled in one of Connecticut's most prestigious communities where the average household income is $130,000.

One of Connecticuts' most historic restaurants and banquet facilities this old school gem offers a unique elegance and great food in a uniquely beautiful setting! Although the present owners serve traditional old school New England cuisine any concept can work here!

There are multiple streams of income that can be realized from this unique facility. There is over 27,000 sf of usable space here from multiple kitchens for a la carte dining, a large banquet facility w/outdoor patio, a separate kitchen for a bakery and a large conference room with multiple office spaces.

This is priced as an asset sale. An appraisal for the real estate as well as an appraisal for the building contents are available to justify the asking price. Tremendous visibility at a lighted corner at a very busy intersection.

FOR FURTHER INFORMATION PLEASE FILL OUT AN NDA ONLINE BY GOING TO abc4restaurants.com . Proof of funds must be presented before any showings of the property.


DETAILED INFORMATION
Location
Hartford County, CT
Inventory
Not Included in asking price
Real Estate
Owned
Included in asking price
Building SF
27,000
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Competition
Very few places in the area that have the size and capacity and the ambiance of this gorgeous facility.
Financing
Bank Financing w/ 10-15% down Owners will consider seller financing to a qualified bu
Support & Training
Owners will stay on for as long as needed and may even stay on in a management capacity.
Reason for Selling
Owners have multiple operations and looking to downsize.
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Joe
Granato
ABC4Restaurants /ABC4Commercial (Investment Properties)
Joe Granato