DERBY, Connecticut
| Asking Price |
$134,900 |
Year Established |
2020 |
|
| Annual Revenue |
$600,000 |
Reason for Selling |
Other business interest. |
|
| Annual P/L |
|
Attention |
Shawn Reilly |
|
| Annual Cash Flow |
|
Listing Number |
581415 |
|
| # of Employees |
|
Business Category |
Food & Beverage: Bars, Clubs, Nightspots |
|
Business Overview:
A dynamic local gem in a central down town location has supported a restaurant/bar for over 50 years and has become available at a great price. Not only an envied location, which has gone through recent major complete expensive renovation with mostly new equipment that would complement any concept. The kitchen is a chef’s dream a great layout with new equipment and a state of the art wood burning stove and a full functional basement. An exciting retail & residential redevelopment plan is a work in progress along with an imminent new train station.
Property Features and Assets:
5,000 epic square feet, only $5,000 gross rent (includes property tax, insurance & snow plowing), just completely gone through costly major renovation, 50 electric bar & lounge seats, 70 inviting dining seats, 30 intimate cozy seats, 80 money making banquet seats, all new equipment, wood burning pizza oven, full functional basement, new train station imminent, major residential and retail redevelopment on the drawing board, appealing website, ample on sight parking, plenty of upside potential.
Market Competition and Expansion:
Competition:
Local gem in a central down town location
Growth & Expansion:
More marketing wouldn’t hurt here.
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity