53k SqFt Banquet / B&B / Restaurant 9 Acre Compound Real Estate Incl!
- Listing Id: 2601
- Broker Name: Rick Carlson
- Category: Hotels and Motels
- Asking Price: $7,000,000.00
- EBITDA: $454,000.00
- Real Estate: $6,000,000.00
- Cash Flow: $500,000.00
- Inventory: $5,000.00
- No. Of Full-Time Employees: N/A
- No. Of Part-Time Employees: N/A
- Gross Income: $2,200,000.00
- FF&E: $1,000,000.00
- Year Built: N/A
- Address: Click Here
- Zip Code: Click Here
- City: New Haven
- State: CT
- Country: United States
- Tenancy: Single
- Occupancy: N/A
- Lot Size: N/A
- Available: Yes
Description
Please dial Extension 569 so you are routed properly if you decide to call us at (800) 985-4939! Thanks!!Huge capacity banquet facility, restaurant, inn hybrid compound on almost 9 acres is the perfect as-is takeover target or potential redevelopment opportunity to convert to an assisted living or full scale self contained conference center venue. Seller is currently doing in excess of $2MM top line revenue on 2-3 days per week (Fridays, Saturdays, Sundays) primarily from April to October. Day 1 the Buyer is walking into 15+ bookings for 2015. 16 room potential B&B is fully built out but not utilized my the current owner, it's primarily a sales differentiator to the bride and groom as a sweetener for weddings. 2 massive kitchens, wine cellar, also includes a 4BR/4BA 5,000 SqFt owners quarters so you can live and manage on-site. NDA is required for further details and to schedule an appointment to visit the location through Ace Business Brokers.
Financial Summary
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