Business Overview:
4,000 Square Feet restaurant & bar on prime RT. 25, Monroe, CT location, currently grossing $1,100,000 annually, offers 150 seats in the dining rooms, 45 seats in the bar/lounge room, and 52 seats on the outdoor patio. 10 years remain on the current lease, and landlord will give another 5 year renewal option. The current rent is $7,100 NNN per month. This is a fantastic, highly visible, direct road front location with a high traffic count. Any casual restaurant & bar concept would draw from Monroe, Newtown, Bethel Trumbull, and other nearby communities. Perfect spot for an American or Irish Pub, Sports Bar, Mexican Restaurant & Bar, or Pizza Restaurant & Bar. Asking $410,000, with owner offering financing. Owner must sell, and will consider all reasonable offers.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
80 car private parking, with additional parking in adjacent large lot.
Market Competition and Expansion:
Very little competition, and this area is in need of a fun, casual restaurant & bar concept.
Additional Details:
- The property is leased.
- The owner may be willing to train/assist the new owner.
- This may become a homebased business opportunity.
- This may become a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.