Stunning Turn-key Banquet Facility with Dual Kitchens and 11,000 sq ft

Hartford County, CT
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Asking Price:$2,750,000
FF&E:$300,000
Inventory:$15,000
Real Estate:$1,800,000
BUSINESS DESCRIPTION

This elegant facility located in Hartford County offers 2 banquet rooms with capacity for over 300 guests. With a pristine, stone upper patio and canvas tent, lower level tiered patios, cascading waterfall, this immaculately kept facility is known for wowing guests from start to finish. Family owned for over 30 years, this locally known and loved facility has stood the test of time and continues to grow and improve year after year. The facility itself offers 11,000 square feet of space, includes 2 generously sized kitchens with prep space, a beautiful bar area, bridal suite and ample guest restrooms.
Proof of funds will be required prior to any showings.
Cost of build in todays market would be over 3 million alone. Sale is inclusive of book of business and name, good will.
Real Estate is also included in this sale. Building with 7+ acres of developable land, potential for hotel or banquet expansion.


DETAILED INFORMATION
Location
Relocatable
Inventory
Included in asking price
Real Estate
Owned
Building SF
11,000
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Banquet facility has 2 separate halls, and an outdoor tent space as well. 2 Kitchens provide opportunity to book multiple events on one day.
Competition
ZERO direct competition in this space, located centrally in CT with space to accommodate larger events, not supported by smaller area operations.
Growth & Expansion
Current owner does NOT market or advertise. Current events are organically sourced, new owner has massive potential to build this up to a $4 or $5 million dollar operation.
Support & Training
Seller willing to assist during transition timeframe to be negotiated.
Reason for Selling
Retirement
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Steve
Pikos
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Steve Pikos