Historical Thriving Restaurant
Hartford, CT Hartford County
Southington
Seller's Contact Information
- RE: Historical Thriving Restaurant
- Contact: Shawn C Reilly
Quick Facts
| Asking Price: | $289,000 | |
| Annual Revenue: | $1,000,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $200,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | 300,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1997 | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 405133937 | |
| Broker Reference #: | SE MEX |
Business Overview:
It is indeed my pleasure to offer this incredible unparalleled go to Mexican restaurant opportunity, a bustling cornerstone of the community for decades. With all the ingredients for success AAA location location, long established with a loyal customer base, exemplary low rent, high grossing, solid reputation. With all the above and the unheard of low asking price with seller financing is an opportunity not to be missed act now for this must see restaurant!
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Property Features and Assets:
5,300 renowned square feet, incredible $3,900 base rent (unheard of under market $9.00 square feet a meager 4% rent factor), 17 years left on lease, 100 prosperous dining seats, popular electric bar/lounge seats (60% food 40% liquor), 125 seat captivating private party room, phenomenal location middle of shopping mecca with big box national players, over the top traffic count, open 7 days lunch & dinner, $10,000 music/security system, large efficient kitchen, established for 20 booming years, any concept would thrive in this location, recent renovation, highly acclaimed, the total package.
Market Competition and Expansion:
Competition/Market Pros: Busiest stretch of road in town; Growth/Expansion: More marketing .
Reason for Selling:
Well-deserved retirement.
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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