1019 Norwich Road
Plainfield, Connecticut

Description:

Both the business and the building are for sale, either together or separately. The building is fully outfitted and has been functioning as a restaurant / bar since 1988, with the current configuration and renovation having been completed and in place since 2008. The building contains a fully outfitted kitchen with all the equipment needed and necessary to operate a restaurant / bar. The current business will lease-back on a long-term basis the building at a 6% cap rate. The building is 5,333 square feet and is for sale at $1,865,000 (which is $350 per square foot fully outfitted). The business is also for sale and has been in place since 2008 operating as a sport's bar and restaurant with a loyal customer base, with entertainment and a dance floor. Full kitchen with fire suppression, grills, deep fryers, walk-in coolers, etc. allows for high volume operation and catering. The business alone, with a long-term 15-year lease (with 3 5ive-year rollover options) is for sale at $495,000. Both the business and the real estate can be purchased together for $2,360,000.

Listing Courtesy of Coldwell Banker Realty