Tavern Best Buy Ever
New Haven, CT New Haven County
New Haven
Seller's Contact Information
- RE: Tavern Best Buy Ever
- Contact: Shawn C Reilly
Quick Facts
| Asking Price: | $99,000 | |
| Annual Revenue: | $750,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $80,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | 300,000 | |
| Real Estate: | $0 | |
| Year Established: | 1992 | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 213233937 | |
| Broker Reference #: | Not Disclosed |
Business Overview:
An exceptional opportunity you won’t see every day! This neighborhood tavern serving casual American cuisine is a New Haven Landmark established in 1992 and earns more per square foot than any other bar restaurant in the whole county, and is a cash cow given its food to liquor ratio. The rent factor (rent to gross income) is under 5% which is unheard of. After 22 years in business, they have a proven track record in a densely populated well-known student neighborhood with shops, restaurants and a nearly completed 300 apartment-retail complex next door is a must see. This time-tested iconic bar is a steal at this price act now call.
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Property Features and Assets:
1,800 square feet, 80 profitable seats, $2,900 includes property tax plus utilities rent per month, Long term lease available, full basement with office and storage, gas heat, established 22 years, open 7 days lunch dinner and late night, new HVAC, code grease trap, strong social media presence, frequent buyer program, large loyal customer base.
Market Competition and Expansion:
Competition: Incredible upside potential with new 300 apartment-retail development on the brink of opening Reason Selling: Other business interest
Reason for Selling:
Other business
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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