Stunning Turn-key Banquet Facility with Dual Kitchens and 11,000 sq ft

Sale Pending

Asking Price$2,750,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross RevenueNot Disclosed

Inventory$15,000
Included in asking price
FF&E$300,000
Included in asking price
Real Estate$1,800,000
Not included in asking price
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Stunning Turn-key Banquet Facility with Dual Kitchens and 11,000 sq ft


Sale Pending

Asking Price$2,750,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross RevenueNot Disclosed

Inventory$15,000
Included in asking price
FF&E$300,000
Included in asking price
Real Estate$1,800,000
Not included in asking price
Business Description
This elegant facility located in Hartford County offers 2 banquet rooms with capacity for over 300 guests. With a pristine, stone upper patio and canvas tent, lower level tiered patios, cascading waterfall, this immaculately kept facility is known for wowing guests from start to finish. Family owned for over 30 years, this locally known and loved facility has stood the test of time and continues to grow and improve year after year. The facility itself offers 11,000 square feet of space, includes 2 generously sized kitchens with prep space, a beautiful bar area, bridal suite and ample guest restrooms.
Proof of funds will be required prior to any showings.
Cost of build in todays market would be over 3 million alone. Sale is inclusive of book of business and name, good will.
Real Estate is also included in this sale. Building with 7+ acres of developable land, potential for hotel or banquet expansion.
About the Business
Currently Relocatable
Yes
Facilities & Assets
Banquet facility has 2 separate halls, and an outdoor tent space as well. 2 Kitchens provide opportunity to book multiple events on one day.
Market Outlook / Competition
ZERO direct competition in this space, located centrally in CT with space to accommodate larger events, not supported by smaller area operations.
Opportunities for Growth
Current owner does NOT market or advertise. Current events are organically sourced, new owner has massive potential to build this up to a $4 or $5 million dollar operation.
Real Estate
Owned or Leased
Owned
Not included in asking price
Building Sq. Ft.
11,000
About the Sale
Seller Motivation
Retirement
Transition Support
Seller willing to assist during transition timeframe to be negotiated.
Listing Info
ID
2221282
Listing Views
2318

Contact Seller

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Business Listed by: Steve Pikos Executive Real Estate

Listing ID: 2221282 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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