True Taste Of Italy For Decades
Not Disclosed, CT New Haven County
Notable dense desirable neighborhood
Seller's Contact Information
- RE: True Taste Of Italy For Decades
- Contact: Shawn Reilly
Quick Facts
| Asking Price: | $1,100,000 | |
| Annual Revenue: | Not Disclosed | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $160,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | 300,000 | |
| Real Estate: | $200 | |
| Year Established: | 1998 | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 587033937 | |
| Broker Reference #: | NEW HAVN ITALIAN |
Business Overview:
There is no such thing as a sure thing but this is as close as you can get. After decades of developing a mammoth steadfast patron base, in a coveted location like this in an historic neighborhood makes this a one of a kind opportunity. A truly longed for Italian dining experience in a charismatic restaurant with a warm inviting ambiance shouldn’t be missed. To be able to buy a restaurant of this caliber in neighborhood like this making this kind of money for decades for a price like this is unheard of call now to see a must see.
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Property Features and Assets:
1,900 quintessential square feet, a mere $4,800 gross rent (includes property tax & insurance) equates to exemplary 5% rent factor, high grossing profitable, popular sought after bar stools, 50 booming historic dining seats, 25 seat unique inviting patio used 9 months, quaint heavy populated desired neighborhood of New Haven, dense student presence, established for prosperous decades, numerous avenues for upside potential, rave reviews with huge loyal customer base, closed Sundays, all holidays, 10 days December, 7 days July, textbook upside potential.
Market Competition and Expansion:
Competition: Notable dense desirable neighborhood Growth & Expansion: Add up all the days closed and its well over two months opening more days would dramatically increase revenue
Reason for Selling:
Time to retire.
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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