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

Busy Breakfast/Lunch opportunity.

  $179,900

  $73,000

Tolland County, CT

Profitable Breakfast/Lunch

THE PRESENT OWNER HAS BEEN OPERATING THE BUSINESS FOR 8 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 500,000 SALES OVER THE LAST 6 YEARS. THE RENT IS CURRENTLY 2,400/MONTH. THE HOURS OF OPERATION ARE MONDAY- SATURDAY 7AM-2PM AND...

Unique Mexican Restaurant

  $199,000

  $110,000

Litchfield County, CT

Unique Mexican Restaurant

This Restaurant is located in the center of beautiful upscale Southern Litchfield County Town. If you are looking to operate a very busy and popular turn key, well established Restaurant this would be the one for you! The Restaurant is very well maintained. The downstairs kitchen could be almost another business if you are a good catering person.Upstairs, (Main Level) is very cozy with app.70...

Profitable Small Town Restaurant o...

  $140,000

  $91,273

Hartford County, CT

Great opportunity for a husband and wife team or a chef operator to take over a business that is fined tuned and ready to go.The place only has 60 seats but did $890,000 sales last year (WOW). Equipment is all in great shape. Including full basement prep area and Large Walkin cooler. Owner nets app. $100K

Country Tavern Price Reduced

  $150,000

  $100,000

East Haddam, CT (Middlesex County)

Year and a half return on your investment!!! This is a well established Restaurant with a full liquor license, with 100 seats and a 50 seat patio. It is a beautiful area with 2 Lakes nearby. The owner has created a very diverse menu that focuses on a Steaks, chicken, burgers, BBQ,and great appetizers. The Rent is very good at $2810 and the owner Nets $100,000. This is no doubt a great...

Premier Sports Bar(PRICE REDUCED)

  $250,000

  $200,000

Hartford, CT (Hartford County)

This is one of the most popular Sports Bars in the Hartford area. Previously Voted Top 5 sports establishment in the State. The decor is beautiful with 50 tv's, many right at you own table. 2014 Sales around 1,000.000 with a profit of $200,000. Your return on investment is 1and1/2 years. A great opportunity for a sports fanatic operator who can run a great Restaurant operation.

Route 1 Orange Ct.

  $27,750

  N/A

Orange, CT (New Haven County)

This location is Prime on US 1 in Orange Ct currently A Fried Fish Sit Down and takeout Restaurant. Very Busy street Would be a great spot for a Chicken joint, Fast food Burgers,Deli, Or Small Breakfast Lunch.

Very Profitable Pizza Restaurant

  $325,000

  $200,000

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 cashflow is approximately $200,000/year. Which is exellent for a 2000 sqft operation. Both on prmises dining and take-out are exellent. There is no delivery at this time. There is presently a beer and wine License and this entire...

Diner Type Shoreline Restaurant/Pr...

  $475,000

  $332,988

New London County, CT

This Restaurant has been a main stay in the East Lyme/ Niantic area for over 30 years, 20 + by the existing owner. The Restaurant serves Breakfast ,Lunch and Dinner. Sales have exceeded 1m for many years. (1,200,000) (20k+/wk) the most recent, with a cash flow of $332,988 for the year. The Property is available now or during a short term option period, at the appraised value.

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.

Price Reduced/Waterbury location

  $45,000

  N/A

Waterbury, CT (New Haven County)

This is a great opportunity for an experienced operator to get into a great location and pay for just the equipment and to continue operating the same or different concept

Mediterranean Restaurant

  $225,000

  $138,880

Hartford County, CT

This is a unique restaurant situation around and well known in Hartford County for 30+ year. The small plate menu has become very fashionable. The sales are $184,759 and an owner/operator should net close to $140,000/year. There is a beer and wine license here as well.

Popular Mediterranean Restaurant

  $350,000

  $271,876

Hartford County, CT

This is a unique Resaturant with a Mediterranean/Greek menu doing 1,389,000 Sales annually. An owner/ operator can net $271,000 + annually. The owners are retiring and have been pretty mucc absenteefor the past year or so. This is a great opportuniy!

Price Reduced downtown Club/Pub

  $50,000

  $50,000

Hartford, CT (Hartford County)

This Unique Small Pub has great potential in a very busy Downtown location. This can be a real big money maker for the experienced operator. You can limit hours and at the same time increase revenue. 1800 sqft and $1,625 a month rent could be a very profitable situation.A very large bar and DJ Booth present various situations Nitely. Google 7 Sins Hartford to view pics and up coming events

Fun Local Lounge/Property Option

  $125,000

  $103,583

New London, CT (New London County)

This 3400 sqft facility is under utilized and the owner is tired of the business and needs to get out. He is very motivated to sell. Therefore this could be a great deal for the right buyer. A new concept may be the way to go or expand on the business that is going. Business and Property for less than 400K. Great investment! Large Bar with entertainment on the weekends and Cafe Liquor License...

Busy and Profitable Shoreline Rest...

  $625,000

  $305,061

New London, CT (New London County)

2 year return on you investment with this very Popular and fun Shoreline Restaurant and Grille, located on busy street in a Large town with 45k population. If you like busy, busy this ones for you. Sales are constantly increaseing with very little advertising.The Menu is very diverse. (There is something for everybody). Furniture and equipment in exellent shape, large outdoor patio, very...

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.

Profitable Bistro

  $625,000

  $300,000

Litchfield County, CT

Take over this very well runned operation and you will get your investment back in less than 2 years. The present owner has created a very profitable operation and has decided to let go after 20 successful years.

Asset Sales

Asking

City, State

Closed Upscale New Haven Location

  $225,000

 

New Haven, CT (New Haven County)

Closed New Haven Up scale Restaurant

This is the Sale of the Assets of the recently Closed Carmen Anthonys Steakhouse Located 660 State St. New haven. It took 1.4M to build out this Restaurant only 10 years ago. A steal for $225,000.00 with all of the buildout and equipment. Please line-up for appointment.

Real Estate For Sale

Asking Price

Building Size

City, State

Windsor CT Restaurant Property

  $525,000

  6492

Windsor, CT (Hartford County)

This is strictly a Property of Sale of a fantastic waterfront (Connecticut River) location. Fully equiped and furnished 6492 sq. ft. restaurant facility ready to go with a large, 2492 sq. ft. deck overlooking the Connecticut River.

Closed/Price Reduced Highway trave...

  $950,000

  6662

Sturbridge, MA (Worcester County)

6652 sqft Restaurant site right off Rte 84 and very close to the Mass Pike intersection on 14.2 acres. This location is a major travel stop between New york and Boston with easy on/off .The property is available below the recent appraised value of $1,500,000 including present assets worth $150,000(Free).


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