Scenic Lakeside Restaurant & Banquet Facility

Connecticut

Seller Financing Available

listing image
Asking Price:$575,000
Gross Revenue:$1,780,000
FF&E:$350,000
Cash Flow:$275,000
Rent:$8,500/Month
BUSINESS DESCRIPTION

Don't miss the opportunity to take over this legendary establishment that sits in a historic town very close to a major university.. This restaurant, bar and event venue has the potential to gross 3-4 million dollars a year with an experienced and aggressive new owner.

The STAR OF THE SHOW is the gorgeous water view that surrounds this gorgeous restaurant setting. Not only local customers support this gem but many that travel from all over New England to share the great ambiance as well as the delicious food and beverages that this well known watering hole has produced for decades.

Whether you're in the mood for a quick lunch, happy hour inside at their 30+ seat bar and 70 seat bar room, or in their 200 seat combo dining room/banquet room the STAR OF THE SHOW (the water view) is the focal point to complement your dining experience!

Not so fast, we are not done yet! The second STAR OF THE SHOW is the seasonal patio that abounds the water that can host 300 people for dining or entertainment! This establishment has multiple streams of income and also has a small apartment on the property that is included in the rent.

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


DETAILED INFORMATION
Location
Connecticut
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
7,500
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
This gorgeous facility has a fully equipped kitchen along with a large bar that seats 30+ and a bar room with additional seats. The combo dining/banquet area overlooking the water seats 200+ and a glass wall permits diners to a romantic view of the water. The second STAR OF THE SHOW, the seasonal patio can hold up to 300 people for cocktails, dining or banquets. Great rent of $8500 nnn includes 7000 sf inside, 3000sf patio. and apartment.
Competition
This is a one of a kind facility. Few in the area can compare to this
Growth & Expansion
A new operator can bring this business to the next level! this is basically an asset sale. Any concept can work here. There are no limits to the money someone can make here!
Support & Training
Owner will stay on for a period of time to train
Reason for Selling
Retirement. Owner has worked all his life and wishes to enjoy his golden years!
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Joe
Granato
ABC4Restaurants /ABC4Commercial (Investment Properties)
Joe Granato