Waterfront Restaurant (REDUCED)
New Haven, CT New Haven County
New Haven County
Seller's Contact Information
- RE: Waterfront Restaurant (REDUCED)
- Contact: Shawn Reilly
Quick Facts
| Asking Price: | $149,000 | |
| Annual Revenue: | $750,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $65,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | 400,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1940 | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 882433937 | |
| Broker Reference #: | WATER |
Business Overview:
REDUCED MOTIVATED SELLER WANTS OFFERSNew England food and drinks in a comfortable, seaside atmosphere with incredible water views established for seventy years has been put on the market for a remarkably low asking price. This restaurant heaped in tradition with a large loyal customer base and an unbelievable low rent is a rare find especially given its location for this price. The restaurant has a lounge with full-service bar and offers entertainment on certain nights and a popular happy hour. Now is the time to act on this one.
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Property Features and Assets:
Facilities: 3,800 striking square feet, only $2,750 per month base rent which is only $8.50 per square foot, 130 seats, private room for parties, two splendid water view patios, surrounded by upscale condos, established 1940, large customer email data base, full popular bar with huge happy hour, open 7 days during summer and 6 days in the winter, established in 1940, ample dedicated parking lot, reasonable option to purchase real estate, absentee owner
Market Competition and Expansion:
Growth/Expansion: Needs an owner operator to fully capitalize the full potential of this opportunity
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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