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Restaurant by the river

westport, Connecticut (Fairfield County)

Retail - Restaurants | Retail - Other Eating & Drinking Places

Asking Price $850,000 Inventory $15,000** 
Gross Income $2,000,000 Real Estate  
Cash Flow Not Disclosed Year Established 2003
FF&E $500,000* Employees 30

* included in the asking price

** not included in the asking price

This restaurant is located on the Saugatuck River near the heart of Westport. Its amazing setting is relaxed, fresh, and inviting but not too trendy. Views of the river from every seat and bar stool surround the central riverstone fireplace, which accommodates guests in cold weather months. The light airy feel of the Bird's Eye maple walls, floor-to-ceiling windows and mahogany and walnut floors gives the casual and comfortable ambiance of a Tavern. The mahogany bar offers patrons views as well as an inviting place to return to. A picturesque dining terrace outside overlooks the Saugatuck--full of wildlife, boaters and fishermen.

Facilities: This restaurant is located on the Saugatuck River near the heart of Westport. It seats about 85 inside and 50 outside. There are 11 years plus a 5 year option on the lease.

Competition: NONE The town of westport is as affluent as other beautiful Fairfield County towns, boasting a per capita income of more than $70,000. It is one of the most affluent communities in the United States.Westport has more cultural bustle than similar-sized towns, with the Country Playhouse a longtime regional theatre, the unique Levitt Pavilion providing free concerts, a strong arts council, and a heritage as a former artists'

Growth/Expansion: This well known restaurant has a untapped potential for a major revenue increase giving its location and demographic.The town of Westport is bordered by Norwalk on the west, Weston to the north, Fairfield to the east and Long Island Sound to the south. Interstate 95, the Merritt Parkway and U.S. Route 1, as well as the Saugatuck River, run through Westport. Westport has two stations, Saugatuck and Greens Farms.

Financing: yes small amount

Support/Training: Seller will provide buyer with support and training

Reason Selling: Owner is relocating

AD # 337909

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