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Restaurant and Banquet Facility in Connecticut

Hartford, Connecticut, United States
Food and Restaurants
Company Data
Price
$3.3M
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Revenue
$2.8M
Top 10%
Profit
--
1.2X
Business Overview
About the Company
Prime Restaurant and Banquet Facility in Connecticut Location: Hartford County, CT Property Size: 5 Acres Building Size: 27,000 sq\. ft\. Attention all seasoned restaurant operators\! Don’t miss the chance to acquire a unique restaurant and banquet facility located in one of Connecticut’s most prestigious communities, where the average household income is $130,000\. This historic venue offers a blend of classic elegance and excellent food in a picturesque setting\. While the current owners focus on traditional New England cuisine, the space is versatile and can accommodate any culinary concept\. Facility Highlights: Multiple Income Streams: Includes multiple kitchens for a la carte dining, a large banquet facility with an outdoor patio, a separate bakery kitchen, and a large conference room with multiple office spaces\. Unique Setting: This facility combines historic charm with modern amenities, providing a stunning backdrop for events and dining\. Financials: Asking Price: Priced as an asset sale\. Appraisals: Both real estate and building contents appraisals are available to justify the asking price\. Visibility: Located at a lighted corner of a busy intersection, offering excellent visibility\. Additional Information: Real Estate: Owned and included in the asking price\. Furniture, Fixtures, & Equipment \(FF&E\): Included in the asking price\. Competition: Few facilities in the area match the size, capacity, and ambiance of this venue\. Financing: Bank financing available with 10\-15% down\. Seller financing options available for qualified buyers\. Support & Training: Owners are willing to stay on as long as needed and may continue in a management capacity\. Reason for Selling: Owners are downsizing due to multiple operations\. Franchise: This business is an established franchise\. For further details, please contact us to discuss and arrange a visit\. Proof of funds will be required prior to any property showings\.
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