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Tavern w/Real Estate, 2 Apartments

New Britain, Connecticut (Hartford County)

Retail - Bars/Taverns | Retail - Restaurants

$Seller Financing Available

Asking Price $298,000 Inventory $6,000** 
Gross Income $126,000 Real Estate  
Cash Flow Not Disclosed Year Established 1934
FF&E N/A Employees 2 pt

* included in the asking price

** not included in the asking price

Blue collar bar and restaurant, which has been continuously operated for 75 years! Food comprises 40% of sales. The menu is casual - grinders, sandwiches, soups, pasta, a few entrees and sides. Beer and drinks are reasonably priced.

Facilities: The /bar occupies 1st floor of a 2 story building, which has 2 apartments on 2nd level that rent for $500. and $550/month plus utilities. The main level is divided into halves the bar on one side and the restaurant on the other. There is a well equipped compact kitchen in the rear. The rear 684 sq.ft. garage is adequate for four cars. Across the street is an approximately 70 x100 parking lot., included int he sale (2 seperate lots!) Way underperforming. Needs a new owner, a facelift and new menu.

Growth/Expansion: Needs a good face lift inside. Pizza might do well here, or convert to an ethnic restaurant with full liquor. Near Central CT State University..

Seller Financing Available: Yes

Financing: 2nd mortgage possible from seller

Support/Training: Owner will advise.

Reason Selling: Retirement

Business For Sale By

David Larson

860-529-8181

Larson Associates

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