Business for Sale Overview:
Danbury, Fairfield County, CT, Holiday Inn Restaurant: Fantastic opportunity to take over the ownership and operations of the restaurant, bar/lounge and banquet/meeting rooms of the 114 room Holiday Inn in Danbury, CT. The Restaurant seats 50, and the busy bar/lounge seats 100 plus. The restaurant and bar is currently grossing $1,275,000 annually, and the hotel has recently updated all of the rooms. To date, the owners of the hotel have been managing the restaurant and bar, but would now like to turn the keys over to a more qualified operator. The restaurant and bar consist of 4,656 Square Feet plus 2,820 Square Feet in the banquet/meeting rooms. A long term lease with renewal options is being offered at a starting rental rate of $22.00 PSF, NNN. This is a must see opportunity at an asking price of $150,000 for the key!
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.
Market Competition and Expansion:
Big upside for an experienced caterer to increase the banquet bookings.
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.