Restaurant Best Buy
New Haven, Connecticut (New Haven County)
Food and Beverage - Restaurants  |  Food and Beverage - Bars and Taverns
Seller Financing Available
Asking Price:   $399,000Inventory:   
Gross Revenue:   $1,700,000Real Estate:   n/a
Cash Flow:   Not DisclosedFF&E:   $650,000 ++
++ included in the asking price         ** not included in the asking price
New Haven s Best Restaurant Spot (and not Yale owned), and one of New Haven s best and busiest is for sale at an unbelievable price. Owners are leaving the area, so this is an opportunity of a lifetime to buy a business worth double what they are asking, for half price. This spot is in the prime neighborhood of College Street, across from the Shubert Theater, Yale and the New Haven Green. The space and the equipment are in mint condition with all of the bells and whistles. It was completely renovated recently and has all updated systems. 5934 feet on 3 floors, can be developed into different concepts. An attractive long term lease, and below market rent make this a no brainer
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 which is below market value due to owners other interests. The restaurant was built out all new from the bare walls out with all new mechanicals
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
Reason For Selling:Other business interest
Seller Financing:Negotiable

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Business Listed By
Shawn Reilly  |  Levey Miller Maretz
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