Well Known, Profitable Italian/Pizza Restaurant in New London County

Ledyard, CT

Asking Price:

$1,090,000

Gross Revenue:	$2,400,000

Listing ID: 1894155Listing provided by BizBuySell

BUSINESS DESCRIPTION

This is an incredible opportunity to take over a completely renovated restaurant that is doing incredible business. Already over $2,200,000 in gross sales this year! (As of end of August)

Exquisitely renovated within the last 3 years to create an atmosphere that will leave a lasting impression on all customers. This restaurant has the capability of holding up to 180 people (120 indoor, 60 on patio), and elite private parties. In close proximity to casinos and high visibility to passing traffic. Large parking space. Staff that can remain in place.

Business is for Sale +
4 Bedroom, 1900 sq/ft apartment in same building that will be included in total rent. Lease out 4 bedroom on Airbnb for incredible profit as it is very close to Casino or live there while running your business.

Call with any questions. Ask for Brandon.

DETAILED INFORMATION

Location

Ledyard, CT

Inventory

Included in asking price

Facilities

4 Bedroom, 1900sq/ft Apartment Renovated in 2021 Restaurant - sits 120 guests interior, 60 exterior Private Party/Event Venue space

Competition

This restaurant sits in close proximity to casinos. Massive opportunity to become go to destination for casino goers coming from New York, Rhode Island, Boston, Etc. Opportunity to Airbnb the 1900sq/ft 4 bedroom space in building. Easily able to generate $300/night+. With around a 50% occupancy rate, this could generate over $50,000 per year.

Growth & Expansion

Downstairs has been converted into a private party setting. Incredible space that can be utilized as event venue.

Support & Training

Available.

Reason for Selling

Retirement

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