High Grossing Restaurant W/ Property A Steal
North Branford, CT New Haven County
Being the only game in town never hurts
Seller's Contact Information
- RE: High Grossing Restaurant W/ Property A Steal
- Contact: Shawn Reilly
Quick Facts
| Asking Price: | $315,000 | |
| Annual Revenue: | $850,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $120,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | $140 | |
| Year Established: | 1988 | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 356733937 | |
| Broker Reference #: | S FISH |
Business Overview:
It is indeed my pleasure to offer an opportunity like no other capable doing over $1M, after 34 booming years with a huge loyal repeat customer base, on a very busy road, including the property for a price like this is unheard of; the business alone is worth the price. Conveniently located on Route 80 in North Branford CT, this restaurant is Zagat Rated and has been chosen #1 in food quality, service and value by local patrons and CT publications since 1989. As noted, the Holiday business is insane, on Christmas Eve alone they have to rent a refrigerated tractor trailer to store the prepared food for the $40,000 in business without any alcohol sales and average a whopping $18,000 a week during summer months only open 5 days. This is truly an opportunity like no other to be able to get this business real-estate and a business generating this kind of income for this many years for a price like this is unheard of MAKE APPOINTMENT NOW FOR THIS MUST-SEE OPPORTUNITY!
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Property Features and Assets:
1,100 power house square foot business condo property included in the price, established impressive 35 years, 50 prosperous seats, established 34 money making years, open only 5 busy days, huge social media presence and followers, Zagat Rated, popular busy strip center, implausible $50k on Christmas Eve alone, $10k Mother’s day, $20k a week during summer, Friday Lenten business doubles, huge takeout and delivery, it’s great to be the only game in town, huge upside potential opening 7 days instead of 5 and closing at 9 not 8 did $1,000,000 plus with a $22.
Market Competition and Expansion:
Competition: Being the only game in town never hurts. Growth & Expansion: Opening back to the original schedule of 7 days open until 9:00 not 8:00 would bring back original income plus.
Reason for Selling:
Other business interest.
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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