Down Town Restaurant Prime Location
| Asking Price: | $399,000 | Inventory: | |
| Gross Revenue: | $1,700,000 | Real Estate: | n/a |
| Cash Flow: | Not Disclosed | FF&E: | $650,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
Once in a lifetime opportunity to buy a restaurant in one of the best locations in Downtown surrounded by restaurants, theater, hotels, apartments, the green and Yale. An incredible property on a high traffic RT with both walking and driving traffic a Beautiful historic property that has undergone a complete rehab in the past two years and is in pristine condition, Top of the line rehab from basement to roof with all new mechanicals installed (plumbing, HVAC, electric, security system. The commercial rent of $30 to $32NNN per square comparable lease terms in the area, prime location and sales volume, makes the asking rent of $28 NNN per square ft a real bargain. Only open for dinner, a great opportunity for breakfast, lunch, development of underused catering space, and building expansion potential, could be whole separate concept with increased gross dollars. There is no better location or business opportunity in New Haven for a long term investment. This is a MUST SEE
About the Business
Year Established:2006
Facilities:Historic 1800's row house, the best looking building in town, 5,934 square feet dedicated to the restaurant space. The FF&E of over $650K, included in the business price is below market value due to owners other interests
Market Outlook and Competition:Only open for dinner, a great opportunity for breakfast, lunch, development of underused catering space, and building expansion potential, could be whole separate concept with increased gross dollars. There is no better location or business opportunity in New Haven for a long term investment.
About the Sale
Management Training and Support:if needed
Reason For Selling:other business interest
Seller Financing:Negotiable
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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