Windham Family Restaurant Full Liquor License Property Available For Sale

Business description

Full Description: A great opportunity to own two businesses that complement each other well. The main business is a 150 seat family restaurant with a fantastic reputation for great food (BBQ, seafood, burgers, etc). The location can't be beat (waterfront) and the complementing business provides great family entertainment. Now take into account that the asking price is barely more than 2x cash flow - this is a great opportunity! The profits from this complementing business practically pays the yearly rent for the entire property. The land / building can be leased or purchased ($350k asking price) - your choice.

Property information

Real Estate:

Real Property Included

Location:

Facilities: Fantastic location in north east Connecticut. Property enjoys a beautiful location on a river. Plenty of seating inside and on the outside deck. This free standing restaurant has a complementing business on site that provides great entertainment for families. Lease: This property is owned by the Seller. Seller will draft a lease with favorable lease terms for the new owner. Seller is also open to selling the property along with business - $350k asking price.

Other information

Expansion potential:

Growth: The property enjoys a full liquor license yet is not presently taking advantage of it. New owner would be wise to leverage this scenic location and the existing liquor license and make a bar area which would be a huge draw and possibly double sales!

Competition / Market:

Market: This restaurant enjoys "the only game in town" status because of its unique business model. Great menu with the complementing business makes this a destination location for families in the area.

Support & training:

Training: Yes - seller will provide two weeks of hands on training and 30 days of phone support.

Reasons for selling:

Reason: Seller has worked hard over the last 5 years to build this business up.

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

Financing: Seller is willing to listen to all offers - even those that involve owner financing.

Furniture / Fixtures value:

$150,000