168 Arch St New Britain, CT 06051

The "Old Club Lido" bar business is available for sale in downtown New Britain, Connecticut. The property is located at 174 Arch Street, two blocks from The Hospital of Central Connecticut and Walnut Hill Park. The business is situated in a historic 4-story, 12-unit mixed-use building with two retail storefronts. The building is slated for upcoming renovations of all residential units above the bar. The sale includes all equipment, materials, alcohol inventory, vendor contacts, 30 bar stools, 2 couches, a table, a full kitchen, 8 TVs (4 in bar, 4 in pool room), Paradigm credit service machines (hardwired), and 20 parking spaces. The property size is 3,060 square feet. Pool tables are leased with a 50/50 revenue split. The owner will release their liquor license; the buyer must secure their own if they intend to serve alcohol. The owner pays $21.11 per month for cold water, and the gas bill averages $113 per month. Dumpsters are included with the lease. The owner is willing to stay on temporarily for support for the new owner. The asking lease price is $2,000 per month with a 5-year minimum. Once a Letter of Intent (LOI) is submitted, the owner will negotiate the terms of the lease.