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Business for Sale Summary

Restaurant and Catering Business-Hartford County - 26741

Business Type: amusement parks/arcades/recreation,other eating & drinking places,restaurant/ cafes/ diners,seller financing available,catering and event planning
Sale By Owner
Restaurant and Catering Business-Hartford County
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Financial Information (non-confidential)

General Information
Asking Price $800,000 Down Payment $800,000
Gross Revenues $850,000 Lease Remaining Register Free to View
Owner’s Cash Flow $393,822 Number of FT Employees Register Free to View

Financing

$800,000 Down and TBD

Business Description

Classic event space and catering hall is up for sale. This legendary establishment is known for their impeccable reputation for many decades with an enviable track record in food, service, cleanliness and customer compliments. This business serves any and all occasions: banquets, reunions, showers, wedding receptions, engagement parties, post-funeral receptions, corporate and social events. The owners of this very profitable business have served the community for over 40 years and have been able to live a very comfortable lifestyle. In recent years the owners scaled back their business to service selective opportunities and clientele. Lot of opportunities for a new owner: (A) Reopen the restaurant to the public. (B) Make use of a fully furnished unused basement lounge . (C) Open doors for holiday business and market business to new clients. The business is located in an excellent central location with plenty of parking and new business is easily attracted to this site. Property must be purchased with the business from the owner for $900,000 and owner may offer some seller financing for a qualified buyer. Please contact broker estiefel@vestedbb.com for more information. Proof of funds will be required.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.