Home-Run Location
New Haven, CT New Haven County
down town Madison location
Seller's Contact Information
- RE: Home-Run Location
- Contact: Shawn Reilly
Quick Facts
| Asking Price: | $299,000 | |
| Annual Revenue: | Not Disclosed | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | 700,000 | |
| Real Estate: | $550 | |
| Year Established: | 2016 | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 609133937 | |
| Broker Reference #: | SEA |
Business Overview:
An outstanding opportunity to operate a restaurant in Madison, a quintessential quaint historical shoreline town with cinema, renowned RJ Julia, coffee shops, boutiques, other restaurants and only 20 minutes from New Haven. Sea House is a relaxed American restaurant with a charming inviting ambiance, warm wood accents and one of the most varied wine and beer lists along the shoreline. The envied popular patio with radiant heat installed in the overhang and the ability to close in to extend the season right next door to the movie theater is a real winner. The complete build out 5 years ago left at cost of $700,000 left everything brand new. Presently only opened four nights for dinner, an immense upside potential by opening more to increase income would turn this one around. There are too many reasons not to jump all over this one, location, condition of the physical facility, price more than half of the cost of build out, patio, upside potential, act now.
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Property Features and Assets:
1,050 charming square feet, judicious $4,595 rent gross rent (includes property tax & insurance),70 welcoming seats, warm wood accents, full inviting bar, premiere Main Street down town Madison location, captivating patio with radiant heat installed in overhang, immaculate fully equipped kitchen, long term reasonable rent, vast upside potential, next to popular movie theater, ample storage.
Market Competition and Expansion:
Competition: Premiere Main Street down town Madison location Growth & Expansion: Open more than four nights, increase bar business and more marketing.
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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