Historic Opportunity
New Haven, CT New Haven County
popular charming shoreline village
Seller's Contact Information
- RE: Historic Opportunity
- Contact: Shawn Reilly
Quick Facts
| Asking Price: | $699,000 | |
| Annual Revenue: | Not Disclosed | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | 400,000 | |
| Real Estate: | $699 | |
| Year Established: | 1980 | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 964533937 | |
| Broker Reference #: | ELIZABETH'S CAFE |
Business Overview:
It may not seem it but undoubtedly this is the best time to buy, regrettably due to the pandemic, sellers are either underwater, highly motivated or forced to sell. This one is no exception, a once in a blue moon opportunity to own this celebrated restaurant for only the market value of the property. You get a prosperous restaurant business for in essence nothing, in normal times this would go on the market for two to three hundred thousand more. This has been a Mecca for food lovers - a travel stop for those making the New York to Boston trip and a neighborhood favorite for decades. An historic opportunity to own the property with a restaurant of this caliber for a price like this is indeed historic, you really don’t want to miss this one, make some history call now.
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Property Features and Assets:
It may not seem it but undoubtedly this is the best time to buy, regrettably due to the pandemic, sellers are either underwater, highly motivated or forced to sell. This one is no exception, a once in a blue moon opportunity to own this celebrated restaurant for only the market value of the property. You get a prosperous restaurant business for in essence nothing, in normal times this would go on the market for two to three hundred thousand more. This has been a Mecca for food lovers - a travel stop for those making the New York to Boston trip and a neighborhood favorite for decades. An historic opportunity to own the property with a restaurant of this caliber for a price like this is indeed historic, you really don’t want to miss this one, make some history call now.
Market Competition and Expansion:
Competition: Located in a quaint New England shore town in the downtown business area with a chic beach-house ambiance Growth & Expansion: After 40 years’ it’s time for new concept, fresh look and operator
Reason for Selling:
Hard times and retirement after 40 successful year
Additional Details:
- The property is owned.
- 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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