Renowned Restaurant/Tavern
Branford, CT Not Disclosed
branford
Seller's Contact Information
- RE: Renowned Restaurant/Tavern
- Contact: Shawn Reilly
Quick Facts
| Asking Price: | $469,000 | |
| Annual Revenue: | $1,500,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $200,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1989 | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 427133937 | |
| Broker Reference #: | BRNFRD REST BAR |
Business Overview:
This high grossing restaurant has the best of all worlds with the ideal combination of food, drink, private party and fun in a unique family atmosphere and has been the go to place for over twenty six years with a proven prosperous track record. This renowned American Grille in an affluent quaint east shoreline down town location in a historic building with ample free parking is an outstanding opportunity with tremendous cash flow for basically absentee owner and no risk after 26 yrs. Call now to see this one you won’t be sorry.
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Property Features and Assets:
3,500 high grossing square feet, scant $6,700 gross rent (includes garbage property tax & insurance) plus utilities which is a remarkable 5% rent factor, 130 profitable dining seats, established for over an incredible 26 years with same owner, inviting 50 seat private room, exciting bar, 7 flat screen TV’s, open 7 days lunch & dinner, bands every weekend to the wee hours, 60% to 40% food to liquor ratio, historical building, AAA location, popular happy hour Monday-Friday
Reason for Selling:
All done after 26 sucessful years
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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