NOT DISCLOSED, Connecticut
| Asking Price |
$499,000 |
Year Established |
2019 |
|
| Annual Revenue |
$1,672,000 |
Reason for Selling |
The owner is pursuing family priorities outside of Connecticut. |
|
| Annual P/L |
$0 |
Attention |
Shawn Charles |
|
| Annual Cash Flow |
$0 |
Listing Number |
1020134 |
|
| # of Employees |
|
Business Category |
Food & Beverage: Bars, Clubs, Nightspots |
|
Business Overview:
An exceptional opportunity to acquire TWO established, high-grossing pizza restaurants and taverns, offered together as one package! Located in popular dining and entertainment destinations that attract customers from near and far, both businesses have established customer followings, inviting atmospheres, and multiple revenue streams.
LOCATION ONE – Established 7 Years
Approximately 1,600 sq. ft., 100 dining and lounge seats, full basement, approximately $4,000 monthly all-inclusive rent, approximately $810,000 reported gross sales, established catering business, extensive catering menu, private event potential, popular happy hour and late-night food and drink specials. Open 6 closed Sundays
LOCATION TWO – Established Pizza Restaurant & Tavern
Approximately 1,400 sq. ft., 68 dining seats, full functional basement, approximately $6,600 monthly all-inclusive rent, approximately $860,000 reported gross sales, popular full-service bar, outdoor patio, exciting, happy hour and late-night specials, professional pizza equipment including a Pizza Master oven valued at approximately $30,000. No leased equipment reported. Open 7 days
Property Features and Assets:
<p>Approximately 3,000 combined square feet, approximately 168 combined indoor dining and lounge seats, two fully equipped restaurant operations, full basements, established bar operations, outdoor patio, catering and private event opportunities, dine-in, takeout, delivery, and late-night business potential.<br></p>
Market Competition and Expansion:
<p>Competition: Two established dining destinations, approximately $1.672M combined reported gross sales, loyal customer followings, prime entertainment-driven markets, popular pizza and tavern concepts, multiple revenue streams, attractive rents, strong catering and private event potential, indoor and outdoor dining, established bar business, and tremendous growth opportunities!</p><p>Growth & Expansion: An ideal opportunity for an experienced restaurateur, hospitality group, or ambitious entrepreneur looking to own TWO established dining and entertainment destinations. Build on existing customer bases, expand catering and events, strengthen marketing, and take both businesses to the next level.<br></p>
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