Prominent Prosperous Restaurant
Prospect, CT New Haven County
Prospect
Seller's Contact Information
- RE: Prominent Prosperous Restaurant
- Contact: Shawn C Reilly
Quick Facts
| Asking Price: | $295,000 | |
| Annual Revenue: | $1,100,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $125,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | 450,000 | |
| Real Estate: | $0 | |
| Year Established: | 1986 | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 627333937 | |
| Broker Reference #: | MEX PRSPCT |
Business Overview:
This has been the family dining go to place for over 8 years serving authentic Mexican dishes along with one of the busiest bars in the area with over 20 famous margaritas. Tremendous opportunity to own a restaurant of this caliber making the money it does, in an upscale Prospect prime location established for this length time for a price like this is a no brainer. The upside with the new approval for onsite catering for 200 under the tent is huge, Come and see what the difference is in being in business for 3 decades in multiple locations what a family tradition really means call now.
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Property Features and Assets:
Thriving 7,800 square feet, established 8 successful years, remarkable rent factor, long term lease available, awesome full service bar, 25 exceptional famed fruity and tropical margaritas, genuine Mexican dishes with a southwestern touch and a little American flair,140 captivating seats with 60 alluring garden patio seats, popular banquet room for 75 with full bar, sizzling charismatic ambiance, abundant free parking, on premise catering with approved tent on the lawn that can handle up to 200 people, iconic branded name and concept, family dining institution
Market Competition and Expansion:
Growth/Expansion: Increase marketing for on premise catering
Reason for Selling:
Other business interest
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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