385 Beaumont HwyLebanon, CT 06249

Property Details for 385 Beaumont Hwy

Year built

1975

Construction

FRAME

Lot size

14.93 AC

Property size (Sq ft)

7,392 SF

Property type

Other commercial real estate

Property subtype

Showrooms

APN

LEBA M:209 L:1

APU

LEBAM209L1

Description

This thriving bar and cafe in Lebanon, Connecticut, presents a unique investment opportunity. Established eight years ago, this turnkey business boasts a strong reputation built on excellent food, drinks, and entertainment. The menu features a popular cafe-style selection including wings, fries, egg rolls, and quesadillas, complemented by a lively happy hour. A diverse entertainment schedule, including karaoke, live music, paint nights, and DJ events, consistently draws a loyal local following. Beyond food and beverage sales, significant supplemental income is generated through commissions from a jukebox, six pool tables, and an ATM machine. The spacious venue comfortably accommodates patrons with a main bar area, a mix of low-top and high-top tables, and a fully functional kitchen. The current owner is offering comprehensive training to ensure a smooth transition for new buyers. Furthermore, the experienced bartenders are available to continue employment, providing continuity and expertise for the new owner. This is a rare chance to acquire a well-established and profitable business with a proven track record and significant growth potential. The sale price is $195,000. The property is located at 385 Beaumont Hwy, Lebanon, CT.

• CAP approach

  CAP return

  Valuation

  6%

  $1,796,514

  6.5%

  $1,658,321

  7%

  $1,539,869

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,433,914

  Geo Method

  $2,433,914

• Alternative Use

  Use

  Valuation

  Residential

  $1,398,856

  Hospitality

  $1,281,344

  Educational

  $1,066,063

  Medical

  $1,102,727

  Retail

  $1,658,321

Location Insight

City

Lebanon

County

New London

State

Connecticut

Latitude

41.6788

Longitude

-72.2375

CBSA code

35980

CBSA name

NORWICH-NEW LONDON, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].