Owner Financing is Available
Business for Sale Overview:
Blue collar bar and restaurant, which has been continuously operated for 75 years! Food comprises 30% of sales. The menu is casual - grinders, sandwiches, soups, pasta, a few entrees and sides. Beer and drinks are reasonably priced. Owner will sell bar separately for $35,000 cash and lease space for $1250/month.
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:
The bar occupies 1st floor of a 2 story building, which has 2 apartments on the 2nd floor. They rent for $500/month and $550/month plus utilities. The street level is divided into halves with the bar on one side and the seldom used restaurant on the other. There is a well equipped NY style compact kitchen in the rear. The rear 684 sq.ft. garage is adequate for four cars. Across the street is an approximately 70 x100 parking lot., included in the sale (2 separate lots!) This business is way under performing. Needs a new owner, a facelift and new menu.
Market Competition and Expansion:
Needs a good face lift inside. Pizza might do well here, or convert to an ethnic restaurant with full liquor. Needs a good face lift inside. Pizza might do well here, or convert to an ethnic restaurant with full liquor. Near Central CT State University..
Reason for Selling:
Retirement
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.