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Connecticut Business For Sale |
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| RESTAURANT,BAR LOUNGE WITH REAL ESTATE |
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| Attn: Steve Matsis, Capital Restaurant Group |
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| Westbrook, CT, USA |
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| Asking Price: |
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$1,200,000 USD USA Dollars |
| Business for Sale Industry: |
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Food & Beverage: Restaurants, Fast Food, Deli |
| Reason for Selling: |
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Seller owns a 6,000 SF rest/bar in Stamford |
| Year Established: |
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2004 |
| Yearly Gross Income: |
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$965,000 |
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Business for Sale Overview:
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Picture perfect free standing restaurant/bar including the real estate on .68 acres, in the marina community of Westbrook, CT. This restaurant and property has been meticulously renovated and maintained over the past 3 years, and is located on a Rt. 1 The restaurant is averaging $965,000.00 annually, plus income from the 2nd floor 1 bedroom apartment. The dining room seats 65, plus 12 bar stools & 12 seats high tops in the newly renovated bar/lounge. The private parking lot accommodates 50 cars. Real estate taxes are only $5,000.00 annually. This is a definite MUST SEE at $1,200,000. "Another Great Restaurant Deal by Capital Restaurant Group!"
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Property Features and Assets:
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Meticulous, newly renovated, separate bar/lounge area, located directly on Rt. 1 and just a short walk to the largest marina in the north east. |
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Market Competition and Expansion:
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This free standing restaurant is located among many other restaurants, which enjoy a vibrant dining and boating community. Although the restaurant has been known for its high end Italian menu, the owner has recently eliminated a portion of the main dining room and has combined it with the bar, transforming the area into a lounge. Bar foods have been added, and special event nights will begin this fall. No doubt this will increase liquor sales dramatically. |
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Additional Details:
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- The property is owned.
- The owner is willing to train/assist the new owner.
- The owner is not willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise opportunity.
- This is not a distressed business or bankruptcy situation.
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