Step into ownership of one of New England's hottest spots for adult entertainment. This upscale cabaret offers a prime opportunity for savvy investors, featuring a fully equipped kitchen with a full menu of quality food, top-shelf liquor, a wide array of draft beer and cocktails, and a host of exceptional amenities. The cabaret boasts dancers, stage performances, VIP rooms, a professional DJ, and attentive waitresses, ensuring an unforgettable experience for patrons. Known as Connecticut's best, this establishment enjoys a great location directly off I-84 in Tolland, with easy access via an ongoing and exit ramp. The property includes plenty of parking and is connected to public water and sewer systems. The cabaret spans over 2, 500 square feet and has undergone many updates, including a high-end sound system, new flooring, updated plumbing and electrical systems, and recent renovations. With no other adult clubs in the area, this business stands out as a unique and highly profitable venture, offering instant positive cash flow. In addition to the cabaret, the plaza and land are also available for sale separately or as part of a combined deal. Located close to UCONN, the area attracts a steady stream of visitors and locals alike, further enhancing the business's profitability and potential for growth. Don't miss this rare opportunity to own a top-tier adult entertainment venue in a prime location with high profitabilitability and recent updates.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $760,000 | $760,000 | $760,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,315 | $4,741 | $6,362 |
Total Monthly Payment | $4,407 | $4,833 | $6,454 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.