Business for Sale Overview:
Full Description: A great opportunity to own two businesses that complement each other well. The main business is a 150 seat family restaurant with a fantastic reputation for great food (BBQ, seafood, burgers, etc). The location can't be beat (waterfront) and the complementing business provides great family entertainment. The profits from this complementing business practically pays the yearly rent for the entire property. Now take into account that the asking price is barely more than 2x cash flow - this is a great opportunity! The land / building can be leased or purchased - your choice (asking price for property $350k). Financing: Seller is willing to listen to all offers - even those that involve owner financing. Training: Yes - seller will provide two weeks of hands on training and 30 days of phone support.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
Facilities: Fantastic location in north east Connecticut. Property enjoys a beautiful location on a river. Plenty of seating inside and on the outside deck. This free standing restaurant has a complementing business on site that provides great entertainment for families. Lease: This property is owned by the Seller. Seller will draft a lease with favorable lease terms for the new owner. Seller is also open to selling the property along with business.
Market Competition and Expansion:
Market: This restaurant enjoys "the only game in town" status because of its unique business model. Great menu with the complementing business makes this a destination location for families in the area. Growth: The property enjoys a full liquor license yet is not presently taking advantage of it. New owner would be wise to leverage this scenic location and the existing liquor license and make a bar area which would be a huge draw and possibly double sales!
Reason for Selling:
Seller has worked hard over the last 5 years
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.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.