Iconic Tavern
New Haven, CT New Haven County
New Haven
Seller's Contact Information
- RE: Iconic Tavern
- Contact: Shawn Reilly
Quick Facts
| Asking Price: | $199,000 | |
| Annual Revenue: | $800,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | 250,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1992 | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 905333937 | |
| Broker Reference #: | OLD TAVERN |
Business Overview:
An exceptional opportunity you won’t see every day! This neighborhood tavern serving casual American cuisine, is a New Haven Landmark established in 1992 and earns more per square foot than any other bar restaurant in the whole county, and is a cash cow given its food to liquor ratio. The rent factor (rent to gross income) is under 5% which is unheard of. After 22 years in business they have a proven track record and a loyal customer base. This time tested iconic bar is a steal at this price. Act now!
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Property Features and Assets:
1,800 square feet, 40 profitable dining and 12 bar seats, $3,600 NNN plus utilities rent per month, Long term lease available, full basement with office and storage, gas heat, established 22 years, open 7 days lunch dinner and late night, a great outdoor patio, new HVAC, code grease trap, strong social media presence, frequent buyer program.
Market Competition and Expansion:
AAA location with long profitable history.
Reason for Selling:
Other business interest
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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