174 Arch Street

Description

New to the market - The "Old Club Lido" in New Britain, CT. Business Only - Bar for Sale (No Real Estate): Incredible opportunity to lease and operate a bar in prime Downtown New Britain, located at 174 Arch St-just two blocks from The Hospital of Central Connecticut and Walnut Hill Park. This business is situated in a historic 4-story, 12-unit mixed-use building with strong foot traffic and includes two retail storefronts, one of which is home to Roger's Auto Body. The building is slated for upcoming renovations of all residential units above the bar. Sale includes all equipment, materials, alcohol inventory, vendor contacts, 30 bar stools, 2 couches, a table, full kitchen, 8 TVs (4 in bar, 4 in pool room), Paradigm credit service machines (hardwired), and 20 parking spaces. Pool tables are leased with a 50/50 revenue split. Owner will release their liquor license; buyer must secure their own if they intend to serve alcohol. No financials available; this is a cash-for-keys sale sold strictly as-is with no warranties on equipment. Owner will any requested inspections or due diligence before acquiring the space. Owner pays cold water $21.11/mo. Gas bill averages to $113/mo. Dumpsters are included with the lease. Owner is willing to stay on temporarily for support for the new owner. Once a LOI is submitted, the owner will negotiate the terms of the lease. Asking $2,000/month with a 5-year minimum. Motivated bar owner-pricing is negotiable. Please include in any LOI's or offers - "contingent on property owner's approval of lease terms"