Iconic Prosperous Ristorante/Pizza
New Haven, CT New Haven County
Historic popular neighborhood location
Seller's Contact Information
- RE: Iconic Prosperous Ristorante/Pizza
- Contact: Shawn Reilly
Quick Facts
| Asking Price: | $899,000 | |
| Annual Revenue: | $1,800,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $325,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | 400,000 | |
| Real Estate: | $0 | |
| Year Established: | 1991 | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 130833937 | |
| Broker Reference #: | PIZZA/RESTAURANT NH |
Business Overview:
It is indeed my pleasure to offer this legendary high grossing Italian/pizza restaurant established over 26 years in an historic well known neighborhood with a huge upside potential. With state of the art automated equipment including a $40,000 Robo Flex oven that takes the place of four ovens, $11,000 Mozz grinder and automatic doe roller for high income production. With the addition of a brand new full service bar it has increased gross income and popularity. There is no risk here; with long thriving money making history in a celebrated location makes this one a no brainer act now!
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Property Features and Assets:
3,000 iconic square feet, two potential money making apartments included, meager $4,500 gross( includes water, property tax & insurance) rent unheard of 3% rent factor, 110 booming dining, popular private party room, 2 super patios one enclosed one charismatic outdoor, new prosperous full service bar, state of the art equipment, established 27 booming years, immense upside potential, historic location.
Market Competition and Expansion:
Competition: Historic popular neighborhood location. Growth & Expansion: More attention to operations and increased marketing.
Reason for Selling:
Reirement
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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