Price Slashed Tavern
New Haven, CT New Haven County
Located in the coveted east rock area
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- RE: Price Slashed Tavern
- Contact: Shawn Charles Reilly
Quick Facts
| Asking Price: | $179,000 | |
| Annual Revenue: | $600,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $120,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $250,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2013 | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 160033937 | |
| Broker Reference #: | TREE |
Business Overview:
Wow! You won't believe this amazing opportunity in the East Rock neighborhood, also known as Yale Grotto, near New Haven. This is the perfect place for a farm to table gastro pub with a dynamic popular bar and a huge online presence. Everything is ready for you to take over this turnkey pub, with a fully equipped kitchen and a full-service bar with all new equipment. You can keep the current concept or change it to suit your vision, either way you will benefit from the AAA location. This restaurant has 1,300 square feet of cozy and inviting space, with 52 seats inside and 20 seats outside on the charming patio. It is open every day for lunch, dinner and brunch, and it used to gross $800,000 before the pandemic. Now it is still doing an impressive $600,000 and has the potential to reach $1M. The rent is only $2,450 per month, which is an unbelievable deal for this area. The equipment is mostly brand new, and the basement is spacious and useful. The restaurant has been in business for 10 successful years and has received many awards for its food and craft cocktails. It also offers free parking for its customers. This is a rare chance to own a highly praised business in a prime East Rock location, so don't hesitate and CALL NOW!
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Property Features and Assets:
1,300 pulsating square feet, Meager $2,450 rent outstanding, Established 10 booming years, Coveted East Rock Neighborhood AKA Yale Grotto, Full valuable basement, Farm to table gastro pub, 55 flourishing seats, Popular 20 seat patio, Vast Upside potential, Open 7 prosperous days lunch, dinner, and brunch, Fully equipped kitchen, Newer equipment throughout.
Market Competition and Expansion:
Competition: Located in the coveted east rock neighborhood AKA Yale Grotto housing faculty and students. Growth & Expansion: Cultivating and more targeted marketing to increase late night bar crowd
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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