Broker Profile

John A. Russo Jr.

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Company Information



Company Information:
For buying, selling, or appraising restaurants, turn to the specialists who know the business and marketplace better than anyone in Connecticut. All associates have restaurant backgrounds. We have handled restaurant sales exclusively since 1990, selling 300 restaurants worth more than $39 million. We sold 30 Connecticut restaurants in 2004/2005 worth more than $9 million including: Brannigan's in Southington, Constantine's in Niantic, Oxbow in Hartford, Cabin in Meriden, Vito's in Middletown, and Three Lions (now Anna's) in South Glastonbury.

Background:
John A. Russo, Jr., President founded Just Restaurants in 1990. Prior ownership interests in Connecticut include: Jonathan's Lakeside Restaurant (Windsor), Ruth's Chris Steakhouse (Newington), The Windsor House (Windsor), and The Town Squire Restaurant (Hartford). His family currently owns the Landmark Bidwell Tavern (Coventry). His expertise also encompasses finance, real estate investments and authorship. He has served in various executive capacities for the Travelers and Hartford Insurance companies. Mr. Russo earned an M.B.A. in finance from the University of Connecticut and holds a B.S. in Meteorology from the City College of New York.

John A. Russo, III, Vice President is the ranking executive in Hartford, Middlesex, Tolland and Litchfield Counties. Mr. Russo received his Bachelor's Degree in Restaurant and Hotel Management from Johnson and Wales College, Providence, Rhode Island and has over 20 years experience in the restaurant industry. He served as Operational Manager of The Town Squire Restaurant (Hartford), as Food and Beverage Manager at La Renaissance (East Windsor), and Assistant Manager of The Blacksmith Tavern (Glastonbury). He recently spent six years as Owner/Operator of the highly successful Jonathan's Lakeside Restaurant in Windsor. Mr. Russo, an experienced chef as well as manager, will work closely with Sellers and Buyers, utilizing his overall technical restaurant talents.

Areas Served:
Hartford County, CT  

Established Businesses For Sale

Asking

Cash Flow

Location

Shoreline water view Bar/Pub

  $265,000

  $125,000

New London County, CT

Beautiful Long Island views

This is an excellent profitable Bar/ Pub with a very large patio overlooking the water of an affluent shoreline town. Sales are $700,000 annually with a net cash flow of $125,000. Seating for 120 inside and 60 on the patio. It has an exellent diverse menu and great service at all times, with the owner operator on premises daily.

Brick Oven Pizza 130 K cashflow

  $225,000

  $131,930

New London County, CT

Top Ten Awarded!

This Restaurant has been voted best pizza by Readers Choice Awards3 years running. The sales and profits have consistently increased in the Last 3 years with a 2014 cash flow of $131,930. The staff is very well trained . This is a great opportunity for a new owner to take over a well operated Restaurant and keep it going with a return on your investment in less than 2 years.

Busy Take out Pizza Operation

  $125,000

  $80,000

New Haven County, CT

2 person pizza operation

This is a very clean turnkey operation. It is a take out only operation, Adding Delivery would increase business 25%. The rent is very good and is on a main road in a very upscale shoreline town. Owner also does some catering to local schools and events. Cash flow is around $80,000. This would be a great opportunity for a experienced Pizza Person

Very successful Upscale Italian Re...

  $425,000

  $274,940

New Haven County, CT

This is an excellent and very profitable upscale Italian restaurant In an affluent Shore line Community. It is a turn key operation that will produce a positive cash flow on day one! Annual sales are $936,137 with a net cash flow of $200,000+ It is very well equipped with furniture and equipment in excellent condition. There is 60+ seat dining room + 22 at the bar, and patio seating for 38. There...

Price Reduced Breakfast/Lunch

  $139,900

  $70,000

Willington, CT (Tolland County)

THE PRESENT OWNER HAS BEEN OPERATING THE BUSINESS FOR 9 YEARS AND HAS OTHER AMBITIONS. THE OWNER HAS BEEN MOSTLY ABSENTEE FOR THE LAST YEAR. THE RESTAURANT IS MORE THAN ADEQUATELY EQUIPPTED AND IN VERY GOOD CONDITION.OWNER HAS AVERAGED $73,357 NET, DOING AN AVERAGE OF 550,000 SALES OVER THE LAST 9 YEARS. THE RENT IS CURRENTLY 2,400/MONTH. THE HOURS OF OPERATION ARE MONDAY- SATURDAY 7AM-2PM AND...

Very busy Italian Pizza Restaurant

  $285,000

  $140,000

Hartford County, CT

This is the most popular Italian Restaurant in town. It is Located just minutes from Mass Border. Current Yearly sales exceed $1,2000,000. Owner salary is app. $140,000. THIS IS A VERY WELL ORGANIZED OPERATION! A turn key gem. Wont Last. Less than a 2 year return on investment.

Historical waterside Restaurant

  $100,000

  $100,000

Middlesex County, CT

This is an outstanding situation for an experienced Restaurant operator or group. The Restaurant has been operating profitably for 80+ years. The owners want to retire (finally) The 4200 sq ft Restaurant is located on 8+ acres of land with a beautiful water view from the 60 seat patio.Popular Bands are often heard on the weekends on the patio or in the Bar room. Breakfast also served on the...

Ocean Front Restaurant Location

  $125,000

  $75,000

Fairfield County, CT

Glorious Long Island Sound views at this EXELENT! beach front Restaurant. This is a great opportunity to have your very own Restaurant on the water. Currently does $450,000 Sales with a $75,000 cash flow.

Restaurant on the Lake!

  $199,000

  $125,000

Hampton, MA (Hampden County)

This is a very seasonal Lakeside Restaurant/ Pub that has been operated by the same owner for 33 years. The owner is ready to throw in the towel. Recent sales are app. $10000/wk and the owner nets app $125,000 PER YEAR. There is a full Liquor License with 200 seats inside and around a 100 seat patio overlooking beautifull Lake Congamond in Southwick Mass.There is also an approved Marina License...

Popular Diner Type!

  $625,000

  $331,593

New Haven County, CT

This is a very popular Diner with a great customer base to start with! There are 120 seats in the dining area and additional patio seating. The Restaurant is open 7 days 6am-9pm daily. The equipment is in great shape . With annual sales of $1,048,553 and a net annual cash flow of $331,593 which makes it a nice 2 year return on you investment. A great opportunity for a well seasoned experienced...

Eastern Connecticut's Best!! Break...

  $185,000

  $80,000

Windham County, CT

This is a very busy Breakfast Lunch! Sales of 676,000 per year with a 80,000 cash flow.The place is very well operated and organized . Open 7 days 6 am to 130 pm. Open for dinner could be a great way to increase the already very profitable business.The traffic count is app. 12,000 per day.

Pizza/Pub operation (Owner retirin...

  $125,000

  N/A

New London County, CT

This is a Newly remodeled exquisite Pizza Bar doing approx $12000/wk. It is under priced at $125000. The furniture and equipment replacement value is over $200,000 in this 4500 sq ft facility with over 200 indoor seats and an outside patio.

Busy Sports Bar/Nite Club

  $225,000

  $81,251

Hartford County, CT

Nothing needed!!! Take over this very successful absentee owner situation and make 100k per year.

Excellent Profitable Shoreline Din...

  $650,000

  $197,000

Middlesex County, CT

This is the most well known diner on the Connecticut shoreline. The price has been recently been reduced to $650,000 for the Building,Property, and the Business. Sales are $1,321,000 and net cash flow is $197,540. It is a very large (4,394 sq ft ), 180 seats and located on 1.1 acres, on busy Route 1, and there is a Full Liquor License. CALL: JOHN RUSSO 860-250-2323 This wont Last!

Long Lasting Local Tavern

  $125,000

  $70,000

Hartford, CT (Hartford County)

THIS IS ONE OF THE PREMIER FREE STANDING LOCAL TAVERNS IN HARTFORD. ITS GREAT NEIGHBORHOOD LOCATION IS VERY POPULAR AND UNIQUE AND IS THE HEART OF LITTLE ITALY. IT IS KNOWN FOR ITS GREAT FOOD AND BEER SELECTION. CALL AJ RUSSO TO TAKE A LOOK! 860-830-1238 PROPERTY IS AVALIBLE AT $400,000 NOW OR WITH AN OPTION.

Very Profitable Pizza Restaurant

  $279,000

  $150,000

New London County, CT

This is an exellent very profitable Pizza operation, 50 years at this location and 16 years with present Owners. Sales are about $600,000 annually or $11,500/wk. The net cash flow is approximately $150,000/year. Which is exellent for a 2000 sqft operation. Both on premises dining and take-out are excellent. There is no delivery at this time. There is presently a beer and wine License and this...

Southwest Grille

  $175,000

  $77,500

Hartford County, CT

This Restaurant was put together 4 years ago. It is top of the line with a Chipolte type concept. ( South western Style). The 3600 sqft facility seats 85 people with a full bar and patio. The Restaurant is very clean and up to date. The Rent is 3500/monthNNN. Absolutely Beautiful!

Landmark Mexican Shoreline Restaur...

  $200,000

  $148,000

New Haven County, CT

This is one of the best Mexican Restaurants in Connecticut. It has been in operation for 40 years and is very popular and profitable. The owner is retiring. sales of $1,111367 with a net profit of $148,000. It is on .42 acres of land and the property is also available at $450,000 now or via a short term option.

Asset Sales

Asking

City, State

Premier upscale Avon Restaurant Lo...

  $250,000

 

Avon, CT (Hartford County)

This Avon Route 44 location is one of the best locations in the state! The Restaurant has just gone through a 150K renovation. It is simply Stunning as you walk in. This is an opportunity of a life time as the current owner has become ill. Must call it quits after an unbelievable and very successful 30 year run in the industry. There are 180 seats in the Dining room and the bar with a private...


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