Turn Key Pizzeria In New London County

Description

Restaurant and pizzeria business for sale in Groton, Connecticut.

The business is located on a busy corner near several large employers and developing residential areas.

The property includes a large rear parking lot with monthly parking memberships that provide an additional source of income.

Lease

• Current lease runs through 2026
• 5-year renewal options available
• Monthly rent reported at approximately $3,000 to $4,000
• Single-net lease structure

The seller also reports access to the Town of Groton business development team for local advertising and other business support.

Equipment and estimated values

• Custom pizza oven: approximately $4,000
• 4-burner stovetop: approximately $3,000
• 2 refrigerated prep areas: approximately $1,600
• 2 basement freezers: approximately $1,600
• Basement walk-in cooler: approximately $7,500
• Dough-making machine: approximately $6,500
• Dough flattener: approximately $3,800; board replacement needed
• TVs and monitors: approximately $1,000
• New refrigerator: approximately $3,200

The seller states that the major operating equipment has been refurbished.

Several residential and luxury condominium developments are nearing completion in the surrounding area.